BUZZ-Super Micro, Arm Holdings rally after AI-darling Nvidia's report

Reuters02-22

** Super Micro Computer , Arm Holdings and some other AI-related names rise in extended trading after industry bellwether Nvidia's qtrly report

** NVDA's shares rising >8% post-market after it forecasts fiscal Q1 rev of $24 bln, topping consensus of $22.17 bln, per LSEG

** SMCI rallies 9% in extended trading. Service provider, which buys chips from NVDA, fell 6.8% on Weds with the stock suffering 3rd straight session of losses

** ARM up ~6%. British chip designer's stock had gained 1.3% on Weds after announcing new offering to speed creation of custom data center chips

** Data analytics firm Palantir Technologies up >3%

** Shares of SoundHound AI , which offers voice for AI businesses, up 6%

** Recursion Pharma , which beefed up its AI focus last year by acquiring two firms in AI-driven drug discovery space, up 6%

** Israeli medical imaging tech provider Nano-X Imaging

up 4% post-market after tumbling 10.6% on Weds

** Other names on the rise: C3.ai Inc , BigBear.ai Holdings , Guardforce AI Co all up about 3%

** Global X Robotics and Artificial Intelligence ETF

up 1.7% after the bell. The ETF had declined 1.2% in the regular session

** NVDA is the top BOTZ holding as of Feb 20 with ~19% weighting, per the fund's website

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))

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