Super Micro, Arm Holdings rally after AI-darling Nvidia's report

Nano-X Imaging

21/02/2024 21:58

** Super Micro Computer  SMCI.O , Arm Holdings  ARM.O  and
some other AI-related names rise in extended trading after
industry bellwether Nvidia's  NVDA.O  qtrly report
    ** NVDA's shares rising >8% post-market after it forecasts
fiscal Q1 rev of $24 bln, topping consensus of $22.17 bln, per
LSEG
    ** SMCI rallies 9% in extended trading. Service provider,
which buys chips from NVDA, fell 6.8% on Weds with the stock
suffering 3rd straight session of losses
    ** ARM up ~6%. British chip designer's stock had gained 1.3%
on Weds after announcing new offering to speed creation of
custom data center chips
    ** Data analytics firm Palantir Technologies  PLTR.N  up >3%
    ** Shares of SoundHound AI  SOUN.O , which offers voice for
AI businesses, up 6%
    ** Recursion Pharma  RXRX.O , which beefed up its AI focus
last year by acquiring two firms in AI-driven drug discovery
space, up 6%
    ** Israeli medical imaging tech provider Nano-X Imaging
 NNOX.O  up 4% post-market after tumbling 10.6% on Weds
    ** Other names on the rise: C3.ai Inc  AI.N , BigBear.ai
Holdings  BBAI.N , Guardforce AI Co  GFAI.O  all up about 3%
    ** Global X Robotics and Artificial Intelligence ETF
 BOTZ.O  up 1.7% after the bell. The ETF had declined 1.2% in
the regular session 
    ** NVDA is the top BOTZ holding as of Feb 20 with ~19%
weighting, per the fund's website
    

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))