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

Nintendo delays Switch 2 preorders because of Trump’s tariffs

Nintendo is pushing back preorders for its upcoming Nintendo Switch 2 while it figures out the implications of President Donald Trump’s

4 apr. 2025, 18:50:05 | Fast company - tech
$2,300 for an iPhone? Trump’s tariffs could make that a reality

Your favorite iPhone could soon become much pricier, thanks to tariffs.

4 apr. 2025, 16:30:07 | Fast company - tech
My dog recognizes the sounds a Waymo car makes

Most of us know the general (albeit simplified) story: Russian physiologist Ivan Pavlov used a stimulus—like a metronome—around the dogs he was studying, and soon, the hounds would start to saliva

4 apr. 2025, 16:30:07 | Fast company - tech
How I wrote the notes app of my dreams (no coding required)

For years, I’ve had a secret ambition tucked away somewhere near the back of my brain. It was to write a simple note-taking app—one that wouldn’t be overwhelmed with features and that would reflec

4 apr. 2025, 14:20:04 | Fast company - tech
The AI tools we love right now—and what’s next

AI tools are everywhere, changing the way we work, communicate, and even create. But which tools are actually useful? And how can users integrate

4 apr. 2025, 14:20:04 | Fast company - tech
How this former Disney Imagineer is shaping the next generation of defense technology

The way Bran Ferren sees it, the future of warfare depends as much on creativity as it does on raw firepower.

The former head of research and development at Walt Disney Imagineering—the

4 apr. 2025, 11:50:04 | Fast company - tech
How AI is steering the media toward a ‘close enough’ standard

The nonstop cavalcade of announcements in the AI world has created a kind of reality distortion field. There is so much bu

4 apr. 2025, 09:40:02 | Fast company - tech