AI stocks are on a wild ride today after Nvidia stunned Wall Street with staggering growth

Yesterday, Nvidia Corporation announced its Q4 results, which saw a staggering 265% increase from the same quarter a year earlier. The blowout quarter was once again driven by a demand for the company’s chips, which power, among other things, many of the AI technologies used today—like the servers that run ChatGPT.

In the wake of its earnings, Nvidia Corporation shares (ticker: NVDA) are up over 14.5% in premarket trading to $773, as of the time of this writing. But in addition to its own share price getting a bounce, Nvidia’s stock surge seems to be a tide that’s lifting other AI-related stocks, including other chipmakers and tech companies that are betting heavily on artificial intelligence.

As of the time of this writing, these are some other AI-related stocks that are up in premarket trading this morning:

  • Taiwan Semiconductor Manufacturing Company Limited: The all-important Taiwanese chipmaker’s stock (TSM) is up over 3.7%. TSMC makes the most advanced chips on the planet and they help power the machine learning/AI tasks in devices including Apple’s most powerful computers.
  • Advanced Micro Devices, Inc.: The semiconductor company is another one of the biggest chipmakers in the world. It also makes the Ryzen AI processors for PCs. Advanced Micro Devices stock (AMD) is up over 6.2%.
  • Arm Holdings plc: If you own a smartphone, chances are Arm tech powering it. The company’s chip technology is found in a majority of the smartphones on the planet. The chips unsurprisingly then help power today’s AI smartphone technology. Arm Holdings shares (ARM) are up over 9.2%.
  • Super Micro Computer, Inc: The company is one of the world’s premier providers of high-end servers and offers numerous solutions for companies that need servers powerful enough to run AI tasks. Shares in Super Micro Computer (SMCI) are currently up nearly 15%.
  • Palantir Technologies Inc.: The Peter Thiel-owned big data company offers several AI solutions for businesses. Palantir shares (PLTR) are currently up over 6%.
  • C3.ai: C3.ai specializes in enterprise AI solutions. The company’s shares (AI) are currently up over 6%.
  • Microsoft: The Windows maker has numerous pans in the AI fire, but the company’s biggest AI advantage is its partnership with ChatGPT maker OpenAI. Microsoft stock (MSFT) is currently up 1.7%.
  • Meta: Like Microsoft, the Facebook owner is all-in on AI. It’s currently working on technology that uses AI to facilitate conversations between people who don’t speak the same language, and it has its own ChatGPT competitor Llama 2. Shares of Meta (META) are up 2.56%.

https://www.fastcompany.com/91034670/ai-stock-prices-rise-today-nvidia-tsm-amd-arm-meta-growth?partner=rss&utm_source=rss&utm_medium=feed&utm_campaign=rss+fastcompany&utm_content=rss

Creată 1y | 22 feb. 2024, 16:10:05


Autentifică-te pentru a adăuga comentarii

Alte posturi din acest grup

Tinder wants you to flirt with an AI bot before you flop with a human

Think you’ve got game? Time to put it to the test with Tinder’s latest launch in collaboration with OpenAI.

On Tuesday, Tinder rolled out The Game Game—a new experience designed to help

1 apr. 2025, 21:20:06 | Fast company - tech
‘Imagine having Cybertruck money and buying a Cybertruck’: TikTok is full of people trading in their Teslas to the sounds of Taylor Swift

The old Tesla can’t come to the phone right now. Why? Oh, ‘cause she’s dead.

Over the past few days, a new trend has emerged on TikTok: people are posting their Tesla trade-ins accompani

1 apr. 2025, 19:10:03 | Fast company - tech
Kickstarter isn’t just for indie passion projects anymore

Despite a ">triumphant world premiere at Cannes last May, the politically unsparing Donald Trump biopic The Apprentice was stuck in

1 apr. 2025, 16:40:05 | Fast company - tech
‘inZOI’ challenges ‘The Sims’ with a fresh take on life simulation

Countless hours, days—perhaps even weeks—of my life have been spent creating Sims characters, building them houses, marrying them off, and making babies. Now, there’s a new life-simulatio

1 apr. 2025, 14:20:11 | Fast company - tech
SpaceX flight launches 4 space tourists into first-ever polar orbit

A bitcoin investor who bought a SpaceX flight for himself and three polar explorers blasted

1 apr. 2025, 14:20:10 | Fast company - tech
AI researchers want to map the 3D world. That means going vertical—and possibly nuclear

Spatial intelligence is an emerging approach to deploying AI in the physical world. By combining mapping data with artificial intelligence, it aims to deliver “smart data” tied to specific locatio

1 apr. 2025, 12:10:05 | Fast company - tech
3 years into war with Russia, this Ukrainian startup is powering a drone revolution

Ukraine’s war with Russia—sparked by Russia’s invasion in the spring of 2022—is now entering its fourth year. So t

1 apr. 2025, 12:10:04 | Fast company - tech