Published on 25 May 2023 on Market Watch
Nvidia’s 24% jump Thursday lit an AI fire that carried these 19 stocks to gains of as much as 17%
Nvidia Corp. did something remarkable to set up a rally for its stock on Thursday, while lifting shares of other companies involved in new technology employing artificial intelligence.
Nvidia’s big splash was to predict a , with CEO Jensen Huang tying that expectation to a “,” a term he now applies to the company’s graphics processing units (GPUs) used in data centers that support companies’ efforts to roll out their new AI-enabled products and services.