Why AI-Linked Stocks Are Surging Thursday
Portfolio Pulse from Adam Eckert
Shares of AI companies Palantir Technologies (PLTR) and C3.Ai (AI) are surging following NVIDIA's (NVDA) strong outlook driven by high demand for its AI chips. NVIDIA reported better-than-expected revenue and earnings, and guided for Q2 revenue of $11 billion, well above analyst forecasts.
May 25, 2023 | 1:01 pm
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POSITIVE IMPACT
C3.Ai's stock surges following NVIDIA's strong outlook driven by high demand for its AI chips.
C3.Ai's stock is surging as NVIDIA's strong outlook indicates a growing demand for AI chips, which could benefit AI companies like C3.Ai. The positive sentiment around AI stocks is driving the stock price up.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NVIDIA's strong outlook driven by high demand for its AI chips leads to better-than-expected revenue and earnings, and a Q2 revenue guidance of $11 billion.
NVIDIA's strong outlook is driven by high demand for its AI chips, which has led to better-than-expected revenue and earnings. The company's guidance for Q2 revenue of $11 billion is well above analyst forecasts, indicating a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Palantir Technologies' stock surges following NVIDIA's strong outlook driven by high demand for AI chips.
Palantir's stock is surging as NVIDIA's strong outlook indicates a growing demand for AI chips, which could benefit AI companies like Palantir. The positive sentiment around AI stocks is driving the stock price up.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80