$Advanced Micro Devices(AMD)$ shares rose 9.9% Thursday to close at $128.37, marking the stock’s best day since May and the highest close since June. The surge comes a day after it launched new artificial intelligence chips that will compete against $NVIDIA Corp(NVDA)$ to power AI applications.On Wednesday, AMD CEO Lisa Su discussed the previously announced Instinct MI300X, a large graphics processor designed for AI-oriented servers, and said $Microsoft(MSFT)$ and $Meta Platforms, Inc.(META)$ had committed to using the chip.Nvidia has dominated the AI chip market for the past year, but cloud providers and technology compa

In 2023, almost every company on the planet was integrating AI into their operations and products. AI is driving a significant increase in the productivity of knowledge workers around the world. As businesses strive to improve employee efficiency, one company stands to reap huge benefits. $Zoom(ZM)$ has built multiple AI capabilities to help remote workers, from salespeople to software engineers, make more efficient use of their time. Analysts at Cathie Wood's flagship fund Ark Invest believe that Zoom's AI-related products and services will significantly increase revenue. The team led by Ms. Wood has set a target price of $1500 for the stock by 2026. That represents a whopping 2139% increase from the trading price at the time of this writing.Zoom i

Since the beginning of last year, one of the key drivers of the U.S. stock market rally has been AI. However, after the steep rise in AI stock prices, many investors were waiting for more evidence to confirm the sustainability of the AI rally. Fortunately, a series of positive news on Wednesday boosted investors' confidence and reaffirmed the long-term trend of AI.Against this backdrop, chipmaker $NVIDIA Corp(NVDA)$ soared 11.4% intraday, while memory chipmaker $Micron Technology(MU)$ jumped 7.7%, chip designer $ARM Holdings Ltd(ARM)$ gained 6.6%, semiconductor manufacturer $Taiwan Semiconductor Manufacturing(TSM)$ rose 5.4%

After a 300-fold increase in share price over the past decade, the AI giant $NVIDIA Corp(NVDA)$ has finally ascended to the throne of "Global Stock King."$5 trillion next year?Nvidia's stock price has soared over 200% in the past year, but one optimistic analyst believes the best is yet to come, predicting a market cap of nearly $5 trillion next year.Hans Mosesmann, an analyst from Rosenblatt Securities, raised the chipmaker's target price from $140 to a whopping $200 on Tuesday. Nvidia surged 4.1% on that day, hitting an all-time high and becoming the world's most valuable company.Nvidia first broke through the $3 trillion market cap mark earlier this month, surpassing even $Apple(AAPL)$ . This leap in m