Nvidia stock is largely being powered by soaring demand for the company's artificial intelligence (AI) chips and associated products.
(Bloomberg) -- The good news for makers of semiconductors and other artificial intelligence computing hardware: tech giants plan to keep spending heavily. The bad news is that investors are harder to impress this earnings season. Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYC Police Break Up Columbia Protest and Clashes Erupt at UCLALilly Soars as Forecast Boost Shows Weight-Loss Drugs’ PowerAmazon Posts Strongest Cloud Sales Growth in a Year on AI DemandPot
Amid hype over artificial intelligence and ChatGPT, the best AI stocks generate sales or get a strategic edge from the fast maturing technology.