Jonathan Raa | Nurphoto | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Markets positive Wall Street hit another record on Friday as …
Artificial intelligence blew up the markets in 2023. And Nvidia marked the heart of the AI boom, soaring over 200% last year. The “Magnificent Seven” tech stocks drove much of the gains of the S & P 500, which rallied about 24% after a dismal 2022. “The most obvious beneficiaries of the generative AI revolution …
Citi predicts there’s strong growth ahead for memory chipmakers, driven by rising demand for artificial intelligence applications. The Wall Street bank estimates that specialized memory and storage products meant for AI chips will claim a greater share of the total market, reducing volatility in the sector. Inventory levels for memory chips, such as generic DRAMs, …