Nvidia (NVDA) stock rose as much as 4.9% Thursday morning before the market open, leading chip stocks higher after Big Tech leader Meta (META) and Microsoft (MSFT) reaffirmed their aggressive AI investment plans.
Shares of fellow AI chipmakers Advanced Micro Devices (AMD) and Broadcom (AVGO) jumped 2.6% and 2.8%, respectively. Nvidia supplier Micron (MU), which makes advanced memory chips for its GPUs (graphics processing units), climbed 2.9% in premarket trade.
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https://finance.yahoo.com/news/nvidia-stock-rises-to-lead-chip-rally-after-meta-microsoft-back-ai-investment-plans-124324390.html
