Nvidia and AMD shares hit record highs on AI chip surge
Publishing timestamp: 2024-01-18 16:19:51
Summary
AMD and Nvidia reached all-time highs as investors show increasing interest in companies that build chips for artificial intelligence. Both companies have seen significant gains in their stock prices and are benefiting from the growing demand for AI chips. Taiwan Semiconductor Manufacturing Company also reported strong sales, indicating a positive outlook for Nvidia and AMD. Additionally, Meta CEO Mark Zuckerberg announced plans to buy billions of dollars worth of GPUs this year.
Sentiment: POSITIVE
Tickers: META, NVDA, AMD, 2330-TW,
Keywords: apple inc, business news, meta platforms inc, mobile, advanced micro devices inc, nvidia corp, taiwan semiconductor manufacturing co ltd, business, breaking news: technology, technology,
Source: https://www.cnbc.com/2024/01/18/nvidia-and-amd-shares-hit-record-highs-on-ai-chip-surge-.html