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AI Rally Expands Beyond Nvidia as Investors Bid Up Hardware [BNN Bloomberg (Canada)]
Last micron technology, inc. earnings: 3/25 04:01 pm
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US:NASDAQ Investor Relations: investors.micron.com
While the likes of Micron Technology Inc., Super Micro Computer Inc. and Dell Technologies Inc. have been rewarded for proven results, expectations are building ahead of the next earnings season. Nearly half the stocks on the Philadelphia Semiconductor Index have jumped at least 10% already this year, pushing the gauge's price to sales ratio to its highest level in at least two decades. “The trick is recognizing who's really monetizing” artificial intelligence, said Michael Sansoterra, chief investment officer at Silvant Capital Management LLC. Read more: Micron Sees Biggest Rally Since 2011 After AI Boosts Outlook The gains underscore a trend that's been brewing in the AI space, as investors seek out stocks that can possibly replicate the eyepopping returns of Nvidia — which remains the only game in town when it comes to the market for processors that power AI workloads. But many other components are involved, including memory chips, servers and networking components. Not to
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- Biden, Seeking to Build on Fruitful Week, Announces Billions in Chip Grants [The New York Times][The New York Times]
- Micron's $6.1B CHIPS Act Funding Propels Major Expansion In US [Yahoo! Finance][Yahoo! Finance]
- Huawei-led firms receive Chinese backing to build advanced AI chips: report [Seeking Alpha][Seeking Alpha]
- Biden, Seeking to Build on Fruitful Week, Will Announce Billions in Chip Grants [The New York Times][The New York Times]
- Biden to announce preliminary deal with Micron for up to $6.14 bln in chip grants [Reuters][Reuters]
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