The AI Effect: A False Dawn for Tech Stocks? The Australian sharemarket has edged higher alongside its US counterpart, with tech stocks leading the charge.
Specifically, companies riding the wave of artificial intelligence (AI) have seen their stock prices surge – at least, for now.
Nvidia and Salesforce, two of the biggest names in AI, have recently reported impressive gains: Nvidia's 8. 7% jump after beating profit expectations was matched by Salesforce's 22.