Attention around artificial intelligence has driven chipmaker Nvidia sharply higher in recent years, to the point where it briefly was the world’s most valuable company — but AI investors are targeting other stocks, too.
The hype has drawn comparisons to the dot-com bubble of the late 1990s, when many internet start-ups saw massive, short-lived investment gains before crashing down. But this time, some analysts say, much of the AI interest has been concentrated on a much smaller number of established technology firms, and it is linked to significant corporate spending happening now.
Micron’s revenue increased to $6.81 billion in the third quarter of 2024, from $3.75 billion for the same period last year.
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US antitrust enforcers will investigate leading AI companies Microsoft, Nvidia and OpenAIU.S. antitrust enforcers have decided to investigate the roles Microsoft, Nvidia and OpenAI have played in the artificial intelligence boom, according to people familiar with the pending actions.
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