Is there more steam to their growth?
Optimisms have been recovering on the cryptocurrencies, helped by rising prospects of Ethereum spot-priced ETFs launching in the coming months. I expect $Coinbase Global, Inc.(COIN)$ to recover its recent lost ground as trading volume rises with enthusiasm returning with rising cryptocurrency prices. While Coinbase share price has retreated from its recent peak in March, it may not be far away before the stock regains its recent glory.
$C3.ai, Inc.(AI)$ rallied over 10% this week after its earnings handily beat analysts' predictions and its management issues encouraging business outlook. Together with $Palantir Technologies Inc.(PLTR)$ , the duo has been riding on the artificial intelligence frenzy led by $NVIDIA Corp(NVDA)$ that itself has been given a shot in the arm by Elon Musk that was reported to have become a customer of the Nvidia's GPU for a new supercomputer that will be used to power his xAI's chatbot named Grok, pushing Nvidia's stock price to cross $1100 for the first time. As market demands continue to build on artificial intelligence, C3.ai and PLTR are poised to gain from rising demands for their enterprise AI applications. With demands for AI chips outstripping supplies despite the hefty prices of the AI chips, I expect the strength in Nvidia share price to maintain, while lifting the overall semiconductor industry $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ , as relentless AI demands are poised to drive the next phase of growth of the semiconductor industry.
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