Super Micro, other AI-related stocks fall ahead of Nvidia report

Nano-X Imaging

21/02/2024 14:47

** Shares of AI-related firms slip early Weds with industry
bellwether Nvidia  NVDA.O  due to report qtrly results after the
bell
    ** Server provider Super Micro Computer  SMCI.O , which
purchases chips from NVDA, down 3% and threatening to fall for
3rd straight session after 20% collapse from record high on Fri
    ** Data analytics firm Palantir Technologies  PLTR.N  off
>2%
    ** British chip designer Arm Holdings  ARM.O , one of
several cos in which NVDA has a stake, off nearly 2%
    ** Shares of SoundHound AI  SOUN.O , which offers voice for
AI businesses, down 3%
    ** Recursion Pharma  RXRX.O , which beefed up its AI focus
last year by acquiring two firms in AI-driven drug discovery
space, down 3%
    ** Israeli medical imaging tech provider Nano-X Imaging
 NNOX.O  off 5%
    ** Other names down on the session: C3.ai Inc  AI.N  3%,
BigBear.ai Holdings  BBAI.N  4% and Guardforce AI Co  GFAI.O  2%
    ** Global X Robotics and Artificial Intelligence ETF
 BOTZ.O  dips 1%
    ** NVDA is the top BOTZ holding as of Feb 11 with 20%
weighting, per ETF.com data
    ** NVDA, seen as the AI poster child, set to post more than
three-fold surge in Q4 rev on Weds. Its shares are off ~2%
before the bell, after 4.4% drop on Tues

 (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))