Stocks in the artificial intelligence sector saw a rally in the afternoon session after Nvidia’s CEO confirmed a substantial increase in computing demand. This reassured the market about the AI boom despite concerns raised by Oracle’s cloud business profitability. The tech sector is on track for a fresh closing high, defying potential headwinds from the U.S. government shutdown. Marvell Technology’s shares, known for volatility, reacted to the news but not drastically. The company is down 18.5% year-to-date but has shown resilience amid the AI frenzy and semiconductor industry growth. Investors can track stock movements with StockStory’s watchlist feature.

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