AI Stocks & Markets

Today's Stories

1. 1

   Software stocks surge as AI fears prove overblown, Oracle and Shopify jump over 6%

   Shares of Oracle, Shopify, Zscaler, and other software companies rose 4-7% on May 29th after data cloud company Snowflake reported strong earnings. The gains signal an end to the 'SaaSpocalypse' - a massive selloff that had wiped $2 trillion from software company values since late 2025 based on fears that AI would make subscription software services obsolete.

   Business software that companies rely on daily for customer management, online stores, and cybersecurity appears safe from AI disruption, meaning these tools will likely continue evolving rather than being replaced.

2. 2

   AMD CEO quietly courts China as Nvidia's AI chip market share drops to zero

   AMD CEO Lisa Su visited China last week with a much lower profile than Nvidia's Jensen Huang, who drew crowds and posed for photos during his recent trip. U.S. export controls have effectively reduced Nvidia's market share in China from 95% to zero over the past year, as Beijing pushes for self-reliance in advanced AI chips (the processors that power ChatGPT-like systems).

   Chinese companies developing AI products may increasingly rely on AMD chips or domestic alternatives, potentially affecting which AI technologies become available to Chinese consumers.

3. 3

   Applied Materials beats earnings on AI chip equipment demand, stock up 18% in 30 days

   Applied Materials, which makes the specialized equipment needed to manufacture AI chips, exceeded earnings expectations and raised its outlook on May 29th. The company announced new partnerships with Broadcom and SCREEN for advanced chip packaging and wafer cleaning technology, driven by surging demand for AI and data center processors.

   The growing need for AI chips is creating opportunities throughout the semiconductor supply chain, potentially leading to more reliable chip supplies for consumer devices and data centers.

4. 4

   Developers build ultra-fast AI processing system for AMD chips, reaching 3,300 responses per second

   Engineers created a new software system called a 'monokernel' that runs AI language models (like ChatGPT) on AMD's MI300X chips, achieving up to 3,300 text responses per second. The system optimizes how the AI software interacts with AMD's chip architecture, currently running a small coding model with plans to support larger AI systems.

   This could make AI chatbots and coding assistants faster and more responsive for developers, while providing an alternative to Nvidia's dominant AI chip ecosystem.

5. 5

   Samsara emerges as overlooked AI infrastructure play already embedded in Fortune 500

   Fleet management and industrial IoT company Samsara is being highlighted as an undervalued AI stock that's already integrated into many Fortune 500 companies. The company provides connected sensors and analytics for vehicles, equipment, and facilities, positioning it to benefit from AI-driven automation in logistics and operations.

   Businesses using Samsara's vehicle tracking and equipment monitoring services may soon see AI-powered insights that help optimize delivery routes and predict equipment maintenance needs.