Renewed interest in AI investments on Wall Street, with ETFs like BOTZ gaining focus.

From Nasdaq: 2024-10-04 13:00:00

1. The fervor for AI investments is back on Wall Street with updates in the space. ETFs like BOTZ, ROBT, CHAT, and WISE gain focus. OpenAI secures $6.6 billion, raising its valuation to $157 billion with participation from investors like Microsoft and NVIDIA.

2. Micron’s stock jumps 16% with strong earnings forecast due to favorable pricing and AI chip demand. NVIDIA’s Blackwell AI chip faces massive demand from companies like OpenAI and Microsoft. Microsoft plans a $1.3 billion investment in Mexico for AI and cloud expansion.

3. Cerebras Systems plans an IPO amid the AI chip boom, aiming to compete against NVIDIA. Amazon’s AI strategy using its own chips could give it a competitive advantage. Amazon anticipates AI to generate significant revenue for its cloud business in the future.



Read more at Nasdaq: What AI Fatigue? Tap ETFs on Renewed Momentum