Why Nvidia, C3.ai, and Qualcomm Stocks Keep Going Up

Tech stocks tied to the artificial intelligence (AI) revolution are roaring ahead this morning. As of 11:10 a.m. ET, shares of the eponymous AI stock, C3.ai (NYSE: AI), are up an astounding 16.7%, while Qualcomm (NASDAQ: QCOM), the self-proclaimed "on-device AI leader," is gaining 3.7%, and Nvidia (NASDAQ: NVDA), officially now the first $1 trillion semiconductor company, tacks on 5.5%. Granted, the majority of today's gains still probably owe to Nvidia's powerful sales guidance given in its fiscal first-quarter 2024 earnings report last week.