C3.ai, SoundHound rise on back of new Nvidia AI announcements
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Several artificial intelligence-linked stocks saw strong strong gains on Tuesday as investors continued to flock to anything AI-related after recent blowout earnings from Nvidia (NASDAQ:NVDA) and other chipmakers, as well as a slew of new AI-centric announcements from the Jensen Huang-led chipmaker.
C3.ai (NYSE:AI) rose 15% while SoundHound AI (NASDAQ:SOUN) tacked on more than 4% as Nvidia (NVDA) made several AI-related announcements over the past 24 hours, including partnerships related to advertising, factories, data centers and more.
In total, the Santa Clara, California-based Nvidia put out seven press releases.
Nvidia (NVDA) shares rose nearly 5% and surpassed a market cap of over $1T, joining the likes of Apple (AAPL), Microsoft (MSFT), Amazon (AMZN) and Google (GOOG) (GOOGL).
C3.ai (AI) is slated to report fiscal fourth-quarter results on May 31 after the close of trading. The Thomas Siebel-led company reported preliminary results earlier this month that topped estimates.
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