In recent developments within the AI chip sector, companies are leveraging artificial intelligence to simplify complex tasks and enhance user functionality. A notable example is the release of Wix's AI-powered Business Launcher, designed to assist users in starting new business initiatives by transforming skills and experiences into viable ventures. The tool provides personalized guidance through business planning, offering tailored ideas, actionable plans, and tools to create and manage a professional digital presence efficiently. This announcement highlights the ongoing trend of using AI to empower individuals and streamline the entrepreneurial journey, showcasing the expanding capabilities of AI technologies in diverse applications.

In other trading, Credo Technology Group Holding was a notable mover up 9.9% and finishing the session at $64.60. Meanwhile, STMicroelectronics softened, down 10.7% to close at €21.24, near its 52-week low. On January 30, one day ago, the company reported a significant year-over-year decline in revenue and net income for Q4 2024.

NVIDIA's strategic expansion in AI and data centers may drive significant growth. Click to explore the detailed narrative on NVIDIA's potential trajectory.

Be sure to check out our Market Insights article titled "DeepSeek and Trump’s EOs: The Winners And Losers," where we examined the disruptive impact of DeepSeek's R1 model on the AI chip industry and the potential implications for investors amid its surprising efficiency and performance dynamics.

Best AI Chip Stocks

• Advanced Micro Devices finished trading at $118.86 up 1.3%. On Wednesday, AMD and Ocient announced a collaboration to enhance AI workload efficiency with 4th Gen EPYC processors.
• NVIDIA settled at $124.65 up 0.8%.
• QUALCOMM settled at $171.93 up 0.1%.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Wix Helps Users Turn Skills into Revenue and Create New Business Initiatives with AI-Powered Business Launcher" from Wix.com, Ltd. on GlobeNewswire (published 30 January 2025)

Companies discussed in this article include NasdaqGS:CRDO NasdaqGS:AMD NasdaqGS:NVDA NasdaqGS:QCOM and ENXTPA:STMPA.

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