Why Nvidia, Arm Holdings, and Other Artificial Intelligence (AI) Stocks Rallied on Wednesday
From Nasdaq: 2024-07-31 13:25:37
The market rally is fueled by the adoption of generative AI. Nvidia, Micron, Arm Holdings, TSMC, and Oracle saw stock surges. Microsoft and AMD earnings report signal strong AI adoption. Micron achieves faster data transfer with new chips. Valuations are high, but Nvidia is seen as having the most potential. Stock Advisor’s 10 best stocks don’t include Nvidia, but Nvidia’s track record is impressive.
Read more at Nasdaq: Why Nvidia, Arm Holdings, and Other Artificial Intelligence (AI) Stocks Rallied on Wednesday