Arm Holdings reports strong financial results and forecasts surpassing expectations, driving a surge in AI stocks. Super Micro Computer, C3.ai, Taiwan Semiconductor, and other AI stocks rally on Thursday.
SEC denies approval for spot Bitcoin ETFs, Dow futures dip. Stocks hold on after Monday's gains. Get the latest market updates and stock analysis here.
Wall Street is showing increased interest in AI stocks with Nvidia's promising revenue guidance boosting market value by almost $200bn in a day. The top performers so far in 2023 are C3.ai, Nvidia, AMD, Marvell Technology, Cadence Design Systems, Synopsys, Broadcom, Alphabet, Microsoft, and Taiwan Semiconductor. C3.ai saw a gain of 260.8%, and Nvidia's CEO is respected for developing graphics processors and chips essential to AI and gaming. C3.ai uses machine learning to provide predictive analytics software solutions to businesses, and shares have risen considerably since the company went public in December 2020.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?