AI-related stocks charge up after Nvidia's stellar results

Ai Holdings

24/08/2023 10:45

** Shares of AI-related stocks advance premarket after
industry bellwether Nvidia  NVDA.O  far exceeded expectations
with its quarterly revenue forecast
    ** Artificial intelligence firm C3.ai Inc  AI.N  jumps 5.2%,
while BigBear.ai Holdings  BBAI.N  rises 4.3%
    ** Data analytics firm Palantir Technologies Inc  PLTR.N 
gains 3.9%
    ** SoundHound AI Inc  SOUN.O  and Guardforce AI Co  GFAI.O 
advance 4.1% and 2.9%, respectively
    ** Global X Robotics and Artificial Intelligence ETF
 BOTZ.O  gains 1.7% premarket
    ** NVDA is BOTZ's largest holding as of July 31
    ** "We are not looking for a repeat of AI-led rally,
following NVIDIA results last quarter, but with underinvested
positions, investors could chase any rally over coming weeks,"
said Mohit Kumar, chief financial economist for Europe at
Jefferies
    ** NVDA, the world's most valuable chipmaker, was seen
opening at a record high, if trends hold; last up 7.3% at $505


 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com;))