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Everyone is scrutinizing the AI payoff of every company, Nvidia will have another chance to prove its AI payoff this week, while Applied Materials and Cisco get some props for their own AI payoff, and absolutely one is going to sell in May and go away.

Hardware makers such as Arista Networks are currently doing a lot better in artificial intelligence than software firms such as Hubspot, and Reddit and Astera Labs are two recently public companies that had solid reports for their first time ever as public companies.

Better-than-expected results from Apple, Qualcomm, On Semiconductor, and upbeat comments from Samsung, boost tech shares.

Nvidia surged on Friday after Microsoft and Alphabet joined Meta in reiterating their commitment to spend, spend, spend on artificial intelligence, Tesla got a pass on tough questions, and Lam Research and Texas Instruments displayed turn-around appeal.

Nvidia fell on Friday by the most in the two and a half years of the TL20, giving the group its worst day ever. In the absence of any particular news, this event was a healthy right-sizing. Nvidia still has no real competition for its most valuable markets.

Tesla heads to its report with a bundle of concerns, chip stocks get favorable words, and there are multiple ways to play the artificial intelligence race not just Nvidia.