When it comes to investing in artificial intelligence (AI), buying shares of graphics processing unit (GPU) manufacturers like Nvidia (NASDAQ: NVDA) and Intel (NASDAQ: INTC) can be a wise decision. Nearly every AI application requires these specialized chips to function,

On Monday, the Nasdaq Composite opened at 17,390.90. That's down nearly 14% from the high it reached last year at around 20,174, which means it's out of bear market territory for the time being. But it may not be out of it for good.

KEY TAKEAWAYS Nvidia shares are surging in premarket trading as two of its key customers—Microsoft and Meta Platforms—posted strong results and committed to continuing their heavy artificial intelligence (AI) spending.