Nvidia unveils new AI chip and stock is surging — ride the momentum on NVDA and chip suppliers
Nvidia's CEO just unveiled a new AI laptop processor at a major tech conference and called artificial intelligence 'a profit generator,' sending the stock sharply higher in premarket trading. Wall Street futures are rising on the news.
Idea
Nvidia just gave the market fresh fuel by unveiling a new AI chip and doubling down on the message that AI spending translates directly into profits. The stock is already moving higher before the opening bell, which usually means big investors are positioning for more upside. When the leader of the AI trade drops positive news, companies tied to it — like memory-chip maker Micron and chip-design firm Arm — often get pulled along for the ride. Micron also has a potential catalyst coming later this month that could add extra momentum.
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- Stock Market Today: Dow Rises Amid Continued U.S.-Iran Deal Hopes; Nvidia Rallies On New Chip (Live Coverage) — Investor's Business Daily
- Prediction: Micron Stock Will Skyrocket After June 24 — Yahoo Finance
- Tech stocks today: Nvidia CEO calls AI 'a profit generator' at Computex Taipei, unveils new laptop processor — Yahoo Finance