AMD's stock has climbed 111% year to date alongside its growing prospects in AI. The tech company is gearing up to challenge AI's leading chip supplier Nvidia with a new line of graphics processing units (GPUs) -- the hardware necessary for training AI models.

AMD recently began selling a line of accelerators called the MI300. It expects to get revenue of $3.5 billion from that product this year, up from an earlier projection of $2 billion.

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Micron moved higher in early Monday trading after the group said it would start ramping up the shipment of a key addition to Nvidia's new AI-focused chips.

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SoundHound AI Inc (NASDAQ: SOUN) stock may have underperformed the broader market over the past year, but it has simply taken off after chip giant Nvidia revealed in a 13F filing that it has invested $3.7 million in the company.

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Microsoft Corporation (NASDAQ:MSFT) continues to innovate, taking another step in its race to add generative AI capabilities to its array of enterprise products on Wednesday, announcing the availability of its Microsoft Copilot for Security platform.

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TSM recently received another price target hike from Bernstein Research. The investment firm maintained an "outperform" rating and set a new price target of $150 from $125 previously.

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