AI Stocks Surge on Strong Earnings and Investment

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe. Tencent said in a statement that its inclusion on the list was 'clearly a mistake.' The company's statement came after the NYSE added Tencent to a list of Chinese companies flagged for potential delisting.

Nvidia's AI chips are powering an array of applications, from generative AI to scientific research. The company said in a Sunday statement that its fourth-quarter revenue, which grew 15% year over year, was the highest ever in the company's history for that period. Foxconn's numbers suggest that artificial intelligence is still hot. U.S. stocks had a banner year in 2024. Passive investors who simply bought an exchange-traded fund tracking the S&P would have received more than 20% in returns. However, a handful of actively managed funds marketed in Europe outperformed that gain. Semiconductor stocks jumped on Monday, lifted by buoyant news regarding the artificial intelligence sector. Foxconn reported record fourth-quarter revenue that was partly powered by growth in its cloud and networking products, which includes AI servers like those designed by Nvidia.Those reports suggest that companies are continuing to invest heavily in AI, and the peak hasn't yet been crested. Riding on the back of such tailwinds, Nvidia shares jumped 3.4% — their third straight day of gains — to close at a record $149.43. The company's stock inched up further in extended trading, and is currently above the $150 level. The Dow Jones Industrial Average dipped 0.06%. The index shed earlier gains accrued when it was reported that Trump might soften his tariffs on imports, which would have benefited its constituent blue-chip companies such as those in the consumer discretionary secto

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