C3.ai, Palantir, AMD, and Other AI Stocks Rally on Nvidia's Earnings
Posted on AllSides May 25th, 2023
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Nvidia ‘s earnings forecast for the second quarter pushed shares of other chip makers and artificial intelligence-exposed companies higher early Thursday morning. C3.ai (ticker: AI) stock climbed close to 14% in premarket trading, Palantir Technologies (PLTR) rose 9.5%, and Arista Networks (ANET) pointed 5% higher. Shares in Microsoft (MSFT) and Alphabet (GOOGL) were up around 2% and 3% respectively. The forecast also boosted shares of rival semiconductor companies that also have exposure to AI. Advanced Micro Devices (AMD) rose 9% and Micron Technology (MU) was up around 4%. While Nvidia...
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