Boosted by Jensen Huang's "AI inflection point theory", the US stock market's AI sector rose across the board in pre-market trading.
47 minutes ago
Likely boosted by NVIDIA CEO Jensen Huang’s "AI inflection point theory" mentioned during the company’s earnings call, the U.S. AI sector saw broad pre-market gains. According to market data from BIT (bit.com), NVIDIA’s U.S. pre-market price rose nearly 6%. In the chip sector, Micron Technology gained 4.07%, SK Hynix climbed 4.48%. The storage sector saw SNDK rise 4.32% and WDC advance 3.29%. CPO concept stocks AAOI jumped 6.28% and LITE gained 3.61%. Huang said in remarks late last night that artificial intelligence has reached an inflection point. AI is now delivering truly useful work, and the tokens it generates are creating productivity and profits. Currently, computing power equals revenue, and demand is accelerating.
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