NVIDIA Boosts AI Chip Concept Stocks, NVIDIA Up 24% AMD Up 11%

On May 26th, it was reported that NVIDIA's stock price soared on Thursday local time, driving up the stocks of many chip companies. The stock gains of companies focused on building artificial intelligence chips are particularly evident

On May 26th, it was reported that NVIDIA's stock price soared on Thursday local time, driving up the stocks of many chip companies. The stock gains of companies focused on building artificial intelligence chips are particularly evident.

Nvidia closed up 24.37% with a market value of $939.3 billion. AMD's stock price also rose 11.16% on the same day. Both companies are delving deeper into graphics and image processing units (GPUs).

It is worth noting that in this round of rising tide, there was no presence of chip manufacturer Intel. Intel's stock price fell 5.52% on the same day. Before the boom in the field of artificial intelligence, Intel had been struggling.

Thanks to potential applications in cloud computing and artificial intelligence, on the same day, Meiman Technology (NASDAQ: MRVL) closed up 7.6%, while Broadcom's stock price closed up 7.25%. Google and Microsoft are partners of Meiman Technology, while Botong has been developing chip technology that can connect artificial intelligence supercomputers together.

Meanwhile, the stock prices of traditional chip companies have performed mediocrely. In addition to Intel's decline, Qualcomm's stock price, a mobile chipset manufacturer, initially fell 1.3%, then slowly rose, closing up about 1%.

The various stock price fluctuations in the chip industry indicate that the attention of the entire market is shifting from traditional computer chips to GPU manufacturers. As startups and traditional technology companies compete to build artificial intelligence platforms, the demand for GPUs among enterprises has skyrocketed. GPU is the "brain" behind big language models and other artificial intelligence technologies, providing power for chat robots such as OpenAI's ChatGPT and Google's Bard.

Nvidia CEO Huang Renxun said in an interview: "The number of CPUs will be greatly reduced, there will no longer be millions of CPUs, but they will be connected to millions of GPUs

TSMC's stock price also rose 12% on the same day. For many chip companies, TSMC is an indispensable and critical component in the chip manufacturing process. These companies design their own chips, but can rely on TSMC to cope with the high technical requirements of precision manufacturing processes.

The semiconductor fund VanEckSemiconductor ETF, which covers many chip manufacturers including NVIDIA and Intel, closed up nearly 8.6% on Thursday. (Chen Chen)