FinanceHindustan Times
Why Nvidia, Nebius, Amazon and AI stocks are rising today as Microsoft Azure growth boosts sector
in5points
Microsoft Azure grew 43% in its latest quarter, boosting confidence in AI demand and cloud spending.
Nvidia's Data Center revenue jumped 92% in its latest reported quarter, reflecting strong demand for AI chips.
Microsoft shares surged 15% after the strong Azure results, lifting AI and semiconductor stocks.
The iShares Semiconductor ETF (SOXX) rose more than 7% following Microsoft's report.
Despite the rally, many AI stocks remain 40.7% below their all-time highs, with 13 companies down at least 50%.
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