Why Artificial Intelligence (AI) Stocks Arm Holdings, Microsoft, and Broadcom Rallied on Thursday
The mad dash to adopt artificial intelligence (AI) began in earnest early last year, driving impressive gains for those companies best positioned to profit from this sea change in technology. The resulting bull run among AI stocks has helped sustain the ongoing market rally.
In recent weeks, however, some investors have begun to get skittish, wondering how long this relentless run could go on and looking for evidence the AI revolution was intact. Results from the poster child of AI, Nvidia (NASDAQ: NVDA), provided some answers.
With that as a backdrop, chip designer Arm Holdings (NASDAQ: ARM) jumped 6.7%, software and cloud specialist (NASDAQ: MSFT) rallied 2.3%, and AI chip specialist Broadcom (NASDAQ: AVGO) climbed 2.1% as of 12:32 p.m. ET on Thursday.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 114 Buy predictions and 3 Sell predictions.
With a target price of 424 € there is a slightly positive potential of 14.87% for Microsoft Corp. compared to the current price of 369.1 €.
