Thanks to Nvidia’s (NVDA) rise to $3.3 trillion before it settled at $3.2 trillion, Himax Technologies (HIMX) gained 16.73% on Thursday. It is now up by 23% for the week and 42.5% YTD.
Himax announced it is integrating WiseEye Ultralow Power AI Sensing with Nvidia’s TAO platform. The mere association with Nvidia helped HIMX stock.
AMD (AMD) gained 4.6% on Thursday when it said a data breach would not affect its operations. AMD trailed Nvidia throughout most of this year. Markets recognize that AMD’s AI server platform is not competitive enough to overtake Nvidia.
Arista (ANET) is on a firm uptrend, helped by the AI rally. It reported nothing new when shares added $40 this month to close at $340.
Adobe Systems (ADBE) closed at $522.95, despite the FTC suing it for its subscription plans practices. The FTC said that Adobe purposefully made unsubscribing difficult. Investors should consider taking profits in ADBE stock if the rally loses momentum and falls below $500.00.
In the streaming media sector, Netflix (NFLX) trades at a new high. While Comcast (CMCSA) and Sony (SONY) struggle, investors are bullish about Netflix House. This experiential entertainment venue will feature immersive experiences based on popular shows. It will sell merchandise and will have eateries.
