Wall Street hunts for more AI gold post-Nvidia rally


A stunning rally by Nvidia spurred Wall Street to search for other AI-focused companies in hopes of catching outsized moves. — Reuters

MONEY managers are scrambling to cash in on the stock market’s interest in artificial intelligence (AI), as a stunning rally by Nvidia sparks a search for other companies that are capitalising on the technology.

Shares of Nvidia – whose chips are the gold standard in the AI industry – are up about 60% this year after tripling in 2023.

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