AI-linked stocks are seeing steady to solid gains in Monday trading, as investors continue to weigh growth prospects across the sector’s top names. Nvidia (NVDA), Palantir Technologies (PLTR), and Advanced Micro Devices (AMD) all opened the week in positive territory, supported by renewed optimism around AI infrastructure spending and chip demand.
Nvidia shares were modestly higher by mid-afternoon, trading near $183.89, up roughly 0.4% from the previous close. The stock opened at $183.07 and reached an intraday high of about $185.17. Despite its outsized role as the dominant supplier of GPUs used in AI computing, Nvidia’s moves have been relatively muted in recent sessions, reflecting a period of consolidation following months of volatility. Analysts say investors may be adopting a “wait-and-see” approach ahead of upcoming earnings and potential regulatory updates tied to export controls in China.
Palantir Technologies showed stronger momentum, rising nearly 2% to about $182.92 after opening at $179.46. The data analytics firm continues to benefit from investor enthusiasm over its expanding government and commercial contracts, which increasingly rely on AI-driven solutions. Palantir’s stock has been one of the more volatile AI plays this year, but analysts note that its unique position as a pure-play AI software company keeps sentiment buoyant, even amid valuation concerns.
Advanced Micro Devices led gains among the trio, climbing 2.5% to approximately $242.06. The stock opened at $236.20 and traded as high as $242.69 during the session. AMD’s performance comes on the heels of fresh headlines highlighting new AI hardware partnerships, including collaborations with Oracle and OpenAI. The moves underscore AMD’s growing relevance in the AI chip race, where it continues to challenge Nvidia’s dominance with competitive pricing and next-generation processor designs.
Market watchers say Monday’s performance across these three names underscores the different stages of AI adoption each company represents. Nvidia remains the industry anchor, generating consistent profits and commanding a premium valuation. Palantir serves as a more speculative bet on the software and data layer of the AI stack, while AMD is carving out a position as an alternative chip supplier with significant upside if AI workloads continue to scale globally.
Despite the modest uptick, broader investor sentiment around AI equities remains cautious. Many analysts warn that high valuations across the sector leave little room for error, especially if corporate AI spending cools or supply-chain constraints re-emerge. At the same time, strong institutional inflows suggest the longer-term thesis — that AI will transform computing and productivity — remains firmly intact.
As of Monday afternoon, the Nasdaq Composite was trending higher alongside the AI names, reflecting broader optimism in technology. With key earnings reports due in the coming weeks, traders will be watching closely to see whether AI’s leading firms can convert hype into sustained revenue growth — or if the sector’s next phase will bring sharper differentiation between the winners and the rest.
The post Trending Stock Watch October 20: AMD Leads AI Gains As Nvidia, Palantir See Positive Start to Week appeared first on International Business Times.
