Shares of several tech companies specializing in artificial intelligence products soared Wednesday after Google parent Alphabet said it plans to ramp up spending on AI.
NVIDIA (NASDAQ:NVDA) stock gained 3.5% Wednesday, bolstered by continued Capex spending boosts by hyperscalers and the ramping of its new Blackwell chip.
Alphabet CEO Sundar Pichai said that the internet ad giant's relationship with Nvidia remains strong and it has the first customer using Blackwell. "Just last week we were the first to announce a ...