AI Chips Update - AI App Transforms Secondhand Market With Real-Time Valuations

WhatsitAI, an AI-powered mobile app designed to identify and value secondhand items, has achieved over 50,000 downloads shortly after its launch. The app allows users to take a photo of an item to instantly see its identification, estimated value, and where similar items can be purchased online, using data aggregated from major resale marketplaces. As a tool particularly favored by thrifters and resellers, WhatsitAI has positioned itself at the intersection of AI technology and the booming U.S. secondhand market, valued at over $175 billion annually. This innovative application promises to enhance decision-making in the resale market by providing real-time insights into the pricing and availability of secondhand goods.

In other market news, Credo Technology Group Holding (NasdaqGS:CRDO) was a standout up 8.7% and finishing the session at $91.92, hovering around its 52-week high. Meanwhile, United Microelectronics (TWSE:2303) softened, down 3.2% to finish the session at NT$43.90.

Demand for UMC's 22-nanometer technology and new Singapore fab drives imminent growth. Discover more about United Microelectronics Corporation's strategic initiatives by clicking here.

Explore our Market Insights article on AI Chips, highlighting investments and evolving opportunities as the industry enters the "show me the money" phase. Catch up now!

Best AI Chip Stocks

• Advanced Micro Devices (NasdaqGS:AMD) closed at $138.43 up 6.8%. This week, AMD announced a strategic alliance with HCLTech to enhance enterprise digital transformation through AI and cloud solutions.
• NVIDIA (NasdaqGS:NVDA) finished trading at $147.90 up 2.6%, near its 52-week high.
• QUALCOMM (NasdaqGS:QCOM) ended the day at $155.71 up 1.7%.

Key Takeaways

• Click this link to deep-dive into the 54 companies within our AI Chip Stocks screener including Entegris, ON Semiconductor and Skyworks Solutions.
• Curious About Other Options? These 17 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch.

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
• " WhatsitAI Surpasses 50K Users Identifying, Valuing & Listing items for Sale" from Whatsit AI Inc on GlobeNewswire (published 24 June 2025)

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