5 Key Points to Understand Before the Stock Market Begins Trading

Nvidia (NVDA) and artificial intelligence (AI)-related stocks are driving Thursday’s buoyant markets mood as the chipmaker looks set to cement its crown as the world’s most valuable company with gains in premarket trading. Dell Technologies (DELL) and Super Micro Computer (SMCI) are also rising after Elon Musk announced a partnership between the two server makers to build an AI factory to power his Grok chatbot. Target (TGT) is planning to roll out a generative AI chatbot across its almost 2,000 stores in August, while Accenture (ACN) shares are on the rise after third-quarter bookings soar. Additionally, OpenAI co-founder Ilya Sutskever is launching an AI startup to focus on safety.

Nvidia’s shares are up more than 3% in premarket trading after overtaking Microsoft to become the world’s most valuable company. This surge in market capitalization has propelled Nvidia to the top spot, surpassing tech giants like Microsoft and Apple. Dell and Super Micro Computer are also seeing gains after announcing their partnership to build an AI factory for Musk’s Grok chatbot.

Target’s plan to introduce a generative AI chatbot in its stores is a first for a major U.S. retailer. The chatbot, named “Store Companion,” aims to streamline operations and support employees in their day-to-day tasks. Accenture’s strong third-quarter bookings have led to a 7% increase in its shares, despite a slight decline in revenue. The company is focusing on Generative AI technology, showcasing its early lead in this critical area.

Lastly, OpenAI co-founder Ilya Sutskever’s new AI startup, Safe Superintelligence Inc., is set to focus on safety in AI development. This comes at a time when concerns are growing around the rapid advancement of AI technology. Sutskever’s move to establish a lab dedicated to safe superintelligence highlights the importance of ethical AI practices in the industry.