SMCI, Broadcom, CoreWeave, and Other AI Stocks Jump
The rising tide of artificial intelligence is floating plenty of boats - not just Nvidia. The chip maker’s upbeat demand forecast –including a note that AI inference has surged tenfold in just one year– is boosting other related stocks.
Super Micro Computer, which makes AI servers housing Nvidia chips, was up 4.4% in premarket trading. CoreWeave, which rents out remote servers using Nvidia chips, was gaining 5.8%.
Would-be competitors were also rising. Chip makers Broadcom and Advanced Micro Devices were both gaining 3.5%. Custom AI chip designer Marvell Technology was up 6.6% and chip-design firm Arm Holdings was rising 3.8%.
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