Artificial Intelligence (AI) Stocks Micron Technology, BigBear.ai, and C3.ai Pop After Positive Inflation Report

The Nasdaq Composite (NASDAQINDEX: ^IXIC) jumped roughly 2% after new economic data showed easing inflation, a relief to investors that also led to a decline in Treasury yields. The Dow Jones Industrial Average (DJINDICES: ^DJI) jumped over 600 points.Shares of many artificial intelligence (AI) stocks moved higher on the news. Semiconductor company Micron Technology (NASDAQ: MU) traded 5.7% higher as of 12:12 p.m. ET. Meanwhile, AI software companies BigBear.ai (NYSE: BBAI) and C3.ai (NYSE: AI) traded nearly 5% and 3% higher, respectively.Stocks began to rally yesterday after numbers from December's Producer Price Index (PPI) report rose less than expected, suggesting that inflation is still trending downward. The big spotlight was on the Consumer Price Index (CPI) this morning, which didn't disappoint.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool