"Wall Street Buzzes as AI Dominates Tech Gains, Fueled by Alphabet, AMD"

1 min read
Source: CNBC
"Wall Street Buzzes as AI Dominates Tech Gains, Fueled by Alphabet, AMD"
Photo: CNBC
TL;DR Summary

CNBC's Jim Cramer highlights the dominance of generative artificial intelligence (AI) in the stock market, as tech stocks, particularly those with exposure to the AI industry, saw significant gains on Thursday. Advanced Micro Devices (AMD) surged nearly 10% after CEO Lisa Su predicted the AI chip market could reach $400 billion in the next four years. Alphabet also made strides with the launch of its advanced AI model, Gemini, signaling its expanding capabilities beyond YouTube and search. Cramer emphasizes that as long as generative AI continues to impress, stocks in this sector will continue to astonish investors.

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