The artificial intelligence story shows no signs of cooling.
Look at Nvidia (SYM: NVDA), for example.
The company – which provides the building blocks for AI – ran from a low of about $120 to a high of about $1,200 before splitting 10:1.
Even Apple is still exploding on its AI news.
All after the tech giant introduced a range of new AI features, including an upgrade to its voice assistant Siri, integration with Open AI’s Chat GPT, and new writing assistance tools
As noted by CNBC, “Analysts from Morgan Stanley said Apple’s AI features strongly position the company with ‘the most differentiated consumer digital agent.’ Additionally, the analysts believe that the features will drive consumers to upgrade their iPhones, which should accelerate device replacement cycles.”
Again, even after months of AI excitement, it’s not showing any signs of cooling.
Instead, according to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030.
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So, you may want to consider stocks such as: NVIDIA (SYM: NVDA) is the pioneering force behind AI. So far, earnings have been explosive with adjusted EPS coming in at $5.16, compared to expectations for $4.64. Revenue of $22.1 billion also exceeded expectations for $20.62 billion. For its current quarter, the company expects to see sales of $24 billion as compared to estimates for $22.2 billion. That’s up significantly from the $7.19 billion in sales posted a year earlier. Plus, according to CFO Colette Kress, the supply of current artificial intelligence GPUs is improving and demand is strong. |
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