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What's Going On With AI Related Stocks Nvidia, AMD, Broadcom And Super Micro On Thursday? [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
led by Nvidia Corp (NASDAQ: NVDA Broadcom Inc (NASDAQ: AVGO Advanced Micro Devices, Inc (NASDAQ: AMD Arm Holdings plc (NASDAQ: ARM Super Micro Computer, Inc (NASDAQ: SMCI ) picked up after the U.S. Federal Reserve cut benchmark interest rate to spur growth. The U.S. Federal Reserve decided to cut its benchmark interest rate by 50 basis points in a first since 2020, setting the interest rate at 4.75% and 5%. The cut is expected to boost discretionary spending by the companies. The rate cut will be a welcome move, as semiconductor companies have invested heavily in Big Tech (including Microsoft Corp (NASDAQ: MSFT Amazon.Com Inc (NASDAQ: AMZN and Google parent Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOGL )) spending on their artificial intelligence ambitions, which entail substantial capital expenditures. The semiconductor companies are also under pressure due to the U.S. sanctions on China, a crucial market. Therefore, U.S. investors and the semiconductor chiefs closely watch the a
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