Shares in artificial intelligence and cloud-computing-related companies were rising sharply in late trade on Wednesday after ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/meta-platforms” target=”_blank”>Meta Platforms and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/microsoft” target=”_blank”>Microsoft results beat Wall Street expectations. The reports appeared to boost demand for shares in AI chip leader ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/nvidia-corp” target=”_blank”>Nvidia Corp, which rose 2.8% in late trading, and chip rival Advanced Micro Devices, which rose 2%.
Shares in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/amazon” target=”_blank”>Amazon.com, which competes with Microsoft in cloud-computing and is due to report results on May 1, were up 3% with strong after-the-bell volume.
ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/google” target=”_blank”>Google parent Alphabet shares were up…
