AI stocks like Nvidia, Super Micro Computer, and Broadcom soared nearly 20% this week.
Oracle shares surged 24% after Ellison's bullish comments on AI's long-term potential.
AdvertisementThe stock market's artificial intelligence trade was revived this week, with shares of AI stalwarts like Nvidia, Super Micro Computer, and Broadcom all soaring nearly 20%.
Since those bullish comments, Oracle shares soared as much as 24% at their intraday peak on Friday.
The AI rally has spread throughout the tech sector this week, with semiconductor stocks seeing renewed interest and a nearly 10% surge.
Persons:
Ellison's, —, Larry Ellison, Jensen Huang, Oracle's Ellison, Ellison, it's, Oracle, Jackson Ader, Huang, Goldman Sachs
Organizations:
Nvidia, Micro, Broadcom, Oracle, Service