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Artificial intelligence has come a long way in the last year, and it is without a doubt one of the dominant factors moving the market. Some AI stocks have performed well this week, beating trading expectations. But the situation seemed like fears about the Federal Reserve’s continuous fight against inflation were tempering investors’ excitement about the potential of such technology.  With artificial intelligence and expectations of a gentle landing in the US, global stock markets had their greatest first-quarter performance in five years.  The Inflation Report Is Playing a Part The market’s gains have been fueled by the AI boom. In the first three months of this year, chip designer Nvidia added more than $1tn to its market value, or over one-fifth of the total gain for global stock markets during that time. Also read: AI Investors Are Betting on Nuclear Power and Uranium Related Stocks Even though interest rates are still at a two-decade high, investors are closely watching when and whether the central bank will start reducing them. As long as inflation has sufficiently decreased, the central bank has indicated that it will not be moving quickly to lower the benchmark federal funds rate.  Expectations among investors were raised by the government’s most recent monthly report on inflation, which led to a general market upswing. Which AI Stocks Gained the Most? Taking into account the previously mentioned factors, S&P Global Market Intelligence data shows that this week saw good spikes in some tech stocks, with increases of more than 12% for Dell (NSYE: DELL); 9.5% for AI server maker Super Micro Computer (NASDAQ: SMCI), also known as Supermicro; 8.5% for AI solutions provider C3.ai (NYSE: AI); and nearly 6% for data processing and analytics provider BigBear.ai (NYSE: BBAI).  Source: NYSE via search. Nvidia stock has been trading a…

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Filed under: News - @ May 18, 2024 12:12 pm