Wall Street Revels In Gains As AI, Tech Titans Surge; Dollar Plunges Against Yen: What’s Driving Markets Thursday?

Published by
Benzinga
Benzinga
Wall Street was enjoying a bullish Thursday afternoon, propelled by AI stocks and tech giants, as investors grew increasingly optimistic about the disruptive technology. Advanced Micro Devices Inc. (NASDAQ:AMD) surged by 8% following news that Microsoft Corp. (NASDAQ:MSFT) and Meta Platforms Inc. (NASDAQ:META) will harness AMD’s new AI chip, Instinct MI300X, in a challenge to Nvidia Corp.‘s (NASDAQ:NVDA) market dominance. Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) soared by 6% as Wall Street celebrated the launch of Gemini, a new artificial intelligence model with the potential to close the ga…