AI stocks extend gains after Nvidia-driven rally
31/05/2023 17:32
(Updates)
** Shares of artificial intelligence companies Guardforce AI
GFAI.O , Foxo Technologies Inc FOXO.A and BigBear.ai Holdings
Inc BBAI.N rise between 3.3% and 10.7%
** The stocks closed between ~9% and ~15% higher on Tuesday
when chipmaker Nvidia Corp NVDA.O breached the trillion-dollar
market valuation milestone briefly
** C3.ai Inc AI.N down 9.4% in early afternoon trading,
however, up ~122% so far in May and set for its best month in
more than two years
** Gaming and AI chip company NVDA was trading 3.6% lower
after over a 30% surge in the past three sessions following co's
stellar forecast driven by AI demand
** Up to last close, the Global X Robotics and Artificial
Intelligence ETF BOTZ.O had risen ~35% YTD
(Reporting by Akash Sriram in Bengaluru)
((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))