Semiconductor Stocks Surge on AI Optimism

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.' Nvidia, meanwhile, is riding high on the success of its AI chips, which use the same Blackwell architecture behind the company's fastest AI processors for servers and data centers.

Even though Nvidia began life as a chipmaker for games, Wall Street is not as enthused about that as it is about the chipmaker's AI business. 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. 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, with Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly Semiconductor stocks jumped on Monday, lifted by buoyant news regarding the artificial intelligence sector

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AI Boost: Semiconductor Stocks Surge on Foxconn's Record Revenue and Nvidia's Soaring ValueSemiconductor stocks are enjoying a boost thanks to positive news in the artificial intelligence sector. Foxconn reported record fourth-quarter revenue, fueled by growth in its cloud and networking products, including AI servers. This, coupled with investor anticipation for Nvidia CEO Jensen Huang's keynote address at CES 2025, has driven Nvidia's stock price to record highs.
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Semiconductor Stocks Surge on AI OptimismSemiconductor stocks soared on Monday, fueled by positive developments in the artificial intelligence sector. Foxconn's record fourth-quarter revenue, driven by growth in AI-related products, underscored the continued investment in this technology. Nvidia shares jumped to a new high, with investors anticipating CEO Jensen Huang's keynote address at CES 2025.
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