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Why Nvidia, C3.ai, and Qualcomm Stocks Keep Going Up

Why Nvidia, C3.ai, and Qualcomm Stocks Keep Going Up

Tech stocks tied to the artificial intelligence (AI) revolution are roaring ahead this morning. As of 11:10 a.m. ET, shares of the eponymous AI stock, C3.ai (NYSE: AI), are up an astounding 16.7%, while Qualcomm (NASDAQ: QCOM), the self-proclaimed "on-device AI leader," is gaining 3.7%, and Nvidia (NASDAQ: NVDA), officially now the first $1 trillion semiconductor company, tacks on 5.5%. Granted, the majority of today's gains still probably owe to Nvidia's powerful sales guidance given in its fiscal first-quarter 2024 earnings report last week.