Oracle, Nvidia Help Revive Stock Markets' AI Trade This Week

The article discusses the resurgence of interest in artificial intelligence (AI) stocks, driven by Oracle’s partnership with Nvidia to bring AI capabilities to Oracle’s cloud infrastructure. Nvidia’s shares rose 4.6% on the news, while Oracle’s stock gained 1.7%. The AI trade had cooled off in recent months after a surge earlier in the year, but the Oracle-Nvidia deal reignited investor enthusiasm. The partnership aims to make it easier for enterprises to run generative AI models like ChatGPT on Oracle’s cloud. Analysts view the deal as a positive for both companies, with Oracle gaining access to Nvidia’s AI chips and Nvidia expanding its reach in the cloud market. The article also mentions other AI-related developments, such as Microsoft’s AI investments and Nvidia’s plans to build a new AI factory in the U.S. Overall, the article highlights the growing importance of AI in the tech industry and its impact on stock market trends.

Source: https://markets.businessinsider.com/news/stocks/oracle-nvidia-help-revive-stock-markets-ai-trade-this-week-2024-9