Enthusiasm surrounding artificial intelligence (AI) propelled shares of Super Micro Computer (NASDAQ: SMCI) and SoundHound AI (NASDAQ: SOUN) higher by 506% and 96%, respectively, during the past year. But both stocks still carry a consensus rating of “buy” on Wall Street, and certain analysts are forecasting big gains for shareholders. Ananda Baruah has set Super …
(Reuters) -Advanced Micro Devices and Super Micro Computer led a selloff in chip stocks on Wednesday after their earnings disappointed investors, who had piled into the sector on hopes rising AI investments would boost demand. AMD was down 5.4% and is on course to lose more than $13 billion in market value. Its forecast of …
Stocks started the day higher but fell later, as investors grew more cautious as Wednesday went on. The biggest jolts came from the technology and AI sectors, as major stocks fell. ChatGPT requires 15 times more energy than a traditional web search, says Arm exec The Dow Jones Industrial Average lost 45 points, or about 0.1%, to end …
Savvy investors know that when there’s a gold rush underway, buying the stocks of companies that are supplying the “picks and shovels” is a proven wealth-building strategy. When it comes to the artificial intelligence (AI) boom, it’s the computing infrastructure that makes the game-changing technology possible. Think chips and computer servers rather than pickaxes and …
It seems everyone loves a stock split. Sure, they don’t change a company’s fundamentals. Similar to the way you cut up a pizza doesn’t change the overall size of the pizza, a stock split doesn’t change a company’s overall value. But it can make getting a slice easier for more hungry investors. One of the …
The boom in artificial intelligence (AI) spending is unprecedented. Companies are investing billions of dollars to create data centers and other computing infrastructure in hopes of winning the AI technology wars. Microsoft and OpenAI are reportedly set to spend $100 billion on a single supercomputer. That is a lot of money going to computing systems. …
Since artificial intelligence’s (AI) burst in popularity early last year, investors have been captivated by the potential for AI stocks to go parabolic. Take SoundHound AI for example. Since reports emerged in mid-February that Nvidia (NASDAQ: NVDA) owned a stake in the company, its stock has exploded higher, soaring as much as 295% in the …
(Reuters) – Super Micro Computer disclosed on Tuesday it will sell 2 million shares that could fetch about $2 billion, sending the artificial intelligence (AI) server maker’s shares about 12% lower. The San Jose-based company’s shares have more than tripled since January, which makes raising funds through sale of equity a lucrative option. The gains …
It’s easy to see that Super Micro Computer (NASDAQ: SMCI) has been one of stars so far in 2024. The stock is up over 300%, meaning it has quadrupled since the start of the year. Put more plainly, a $1,000 investment on Jan. 1 would now be worth $4,000. Considering that this maker of high-performance …
Last year was something of a coming-out party for artificial intelligence (AI), as Wall Street and Main Street alike were introduced to the capabilities of AI’s next-generation algorithms. It didn’t take investors long to realize that a number of the stock market’s best-performing stocks had something in common — they had AI in their DNA. …