Feb 16, 2024
Applied Materials hits record high on strong forecast from AI boost

(Reuters) -Applied Materials shares jumped 8% to hit an all-time high on Friday after the semiconductor equipment supplier forecast a better-than-expected second quarter on strong demand from customers looking to make AI-enabled chips. The outlook was also supported by improvement…

Feb 15, 2024
AI mentions rise in S&P 500 earnings calls, Goldman says

By Lewis Krauskopf NEW YORK (Reuters) - The number of S&P 500 companies discussing artificial intelligence has climbed to a new high in fourth-quarter conference calls, Goldman Sachs strategists said, in the latest sign AI is a focal point for…

Feb 14, 2024
Nvidia replaces Alphabet as Wall St’s third most valuable company

By Noel Randewich (Reuters) -Nvidia eclipsed Google-parent Alphabet as the third most valuable U.S. company on Wednesday, just after overtaking Amazon and as investors looked to the dominant AI chipmaker's upcoming quarterly report. The Santa Clara, California company's stock rose…