AI and semiconductor stocks surge after Nvidia's earnings beat
Publishing timestamp: 2024-02-22 11:22:58
Summary
Nvidia's strong earnings report led to a rally in artificial intelligence and semiconductor chip stocks, with suppliers like TSMC, Super Micro Computer, and ASML seeing gains. Other chip makers like AMD, Arm Holdings, Intel, Broadcom, and Qualcomm also experienced increases in share prices. Nvidia's CEO projected continued growth in 2025 and beyond, driven by high demand for GPUs in generative AI and the industry shift towards accelerators.
Sentiment: POSITIVE
Tickers: ASML, SMCI, 2330-TW, ARM, MU, AMD, INTC, AAPL, QCOM, NVDA, ASML-NL,
Keywords: arm holdings plc, breaking news: technology, super micro computer inc, asml holding nv, intel corp, qualcomm inc, earnings, micron technology inc, business news, advanced micro devices inc, technology, taiwan semiconductor manufacturing co ltd, apple inc, nvidia corp,
Source: https://www.cnbc.com/2024/02/22/ai-and-semiconductor-stocks-surge-after-nvidias-earnings-beat.html