Intel stock has not benefited much from the AI craze, but could the market be wrong about this chip giant?
The Nasdaq Composite rose 2% this week, boosted by a big rally in Tesla and an earnings from software maker MongoDB
Here are some of the major companies whose stocks moved on the week's news.
This was a major week for semiconductors and artificial intelligence stocks, headlined by Nvidia joining the $1 trillion market cap club.  Broadcom also delivered impressive second-quarter results
According to research reports, AI servers still make up less than 10% of the market.
The tech-heavy Nasdaq Composite Index wrapped up a historic month, outperforming the Dow Jones by the widest margin since October 2001.
The chip maker expects AI-related revenue to rise to roughly $7.5 billion next fiscal year.
The company shocked the industry with its guidance.

The Nvidia Conundrum: Buy, Hold, or Sell?

09:00am, Friday, 02'nd Jun 2023
Nvidia's hardware-software ecosystem stands to benefit dramatically from adoption of AI. The company has guided for a strong performance in the second quarter.
Millennials are loaded up with the same big-cap S&P 500 stocks as everyone else. But their biggest winning stock is much more obscure.
Applied Materials has continued to grow, even during a downturn for chip fab equipment this year. The AI boom could eventually catch up with Applied Materials and lift the business higher.
The stock is rising is Friday's premarket after climbing more than 5% Thursday. The shares are just short of the $404.86 level needed to reclaim the capitalization.
Nvidia just blew away Wall Street's projections for sales and profits in its most recent quarter. Ransomware payments soared to more than $1 billion in 2021.
Nvidia's journey to AI dominance wasn't easy, but it's now the uncontested ruler, having successfully navigated numerous hurdles.
The index's biggest winners all come from the same industry -- for an obvious reason. If you want any of them at all, it might be best to limit your portfolio to just one of these names.
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