PEAK:AIO has recently secured over $6.8 million in Seed Round funding to drive forward its AI-first data infrastructure solutions. This funding, led by Pembroke VCT and supported by Praetura Ventures and a Silicon Valley investor, will bolster the company's efforts to overcome storage-related bottlenecks in AI applications. PEAK:AIO is noted for its record-setting low-latency, high-efficiency performance across AI verticals, positioning itself as a pivotal player in enhancing AI data acceleration. The investment aims to further the development of PEAK:AIO's innovative data storage solutions and expand their global reach. This comes at a time when major tech firms like Google and Microsoft are significantly investing in the UK's AI landscape, potentially amplifying growth for companies like PEAK:AIO.
Elsewhere in the market, Wolfspeed (NYSE:WOLF) was a notable mover up 29.4% and ending the day at $28.60. Meanwhile, Jentech Precision Industrial (TWSE:3653) lagged, down 2.8% to close at NT$2,400.00.
Best AI Chip Stocks
- ASML Holding (ENXTAM:ASML) settled at €877.60 up 4.3%, close to the 52-week high.
- Advanced Micro Devices (NasdaqGS:AMD) settled at $169.73 up 3.5%. IBM and AMD announced a collaboration two days ago to deliver advanced AI infrastructure leveraging AMD Instinct MI300X GPUs for Zyphra's AI model training on IBM Cloud.
- NVIDIA (NasdaqGS:NVDA) settled at $188.89 up 0.9%, hovering around its 52-week high. This week, NVIDIA partnered with UiPath to enhance enterprise automation with AI features for high-trust scenarios.
Taking Advantage
- Dive into all 73 of the AI Chip Stocks we have identified, like GlobalFoundries, Credo Technology Group Holding and Analog Devices, right here.
- Contemplating Other Strategies? Trump has pledged to "unleash" American oil and gas and these 22 US stocks have developments that are poised to benefit.
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.
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