The US technology stocks on the New York Stock Exchange continued their momentum from the previous day on Wednesday at a slightly moderated pace. Stocks in the field of Artificial Intelligence (AI) were particularly in high demand. The tech-heavy Nasdaq 100 reached its highest level since February, gaining about 0.17 to 0.29 percent, while the S&P 500 remained virtually unchanged and the Dow Jones Industrial dipped slightly.
AI Stocks in Focus
Particularly in the spotlight were AI stocks like Nvidia, Advanced Micro Devices (AMD), and Super Micro Computer. Nvidia was able to gain again – its stock rose by about 1.5 to nearly 4 percent. This is due to signals from the USA indicating that Gulf states like Saudi Arabia and the United Arab Emirates want to support access to AI chips. Specifically, Nvidia plans to sell its AI chips to the Saudi company Humain. Analysts assess this development as an important success, as it expands its customer base worldwide.
Positive Response for Other Chip Manufacturers
Other chip manufacturers also benefited: AMD increased by about 4.7 percent and ARM even by around 5.3 percent. The positive sentiment for AI technologies is reflected in a sustained enthusiasm among investors. This is also evidenced by the so-called “AI fantasy” in the Gulf states following US President Donald Trump’s visit there, along with related economic contracts.
In summary, it can be said: The tech stocks in New York continued their upward trend with a particular focus on AI stocks. The prospect of broader access to AI chips, especially through collaborations with Gulf states, significantly drives this development forward.