AI-related stocks gain for second day as Middle East tensions ease, Gary Black notes

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AI-related stocks gain for second day as Middle East tensions ease, Gary Black notes — AI stocks rally as oil slides

Gary Black, managing partner, investor at The Future Fund, reports that U.S. stocks rebounded as interest in AI-related shares strengthened for a second consecutive day. Nvidia (NVDA) and Marvell Technology (MRVL) both posted gains, with the improvement attributed to easing geopolitical concerns in the Middle East. President Donald Trump highlighted progress toward resolving the Israel-Iran conflict after a ceasefire, although the Strait of Hormuz remains closed. Oil prices declined alongside these developments.

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Black previously noted that Broadcom (AVGO) and Marvell (MRVL) benefited from renewed Wall Street interest in custom AI chips, with AVGO shares rising ahead of earnings. Earlier, he reported that stocks traded lower pre-market following weak AVGO guidance and a decline in Bitcoin, which had dropped 50% since October adding to market jitters. These observations follow recent swings tied to both tech sector performance and macroeconomic developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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