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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Monument Traders Alliance
Write This Down: Tuesday, September 3 at 2 p.m. ET! Company: Taiwan Semiconductor (SYM: TSM) Taiwan Semiconductor (SYM: TSM) is running on the AI boom, too. For one, according to Bank of America analysts, TSM is an “indispensable and reliable partner” to Apple, says CNBC. “We believe the semi demand upside from Apple can get bigger with its widening AI service, from a relatively low base,” added the firm. “TSMC is Apple’s supplier for the A- and M-series semiconductors and is well poised to benefit from multi-year growth.”
Colonial Metals
Petrodollar Death Sentence?
The death of the petrodollar seems imminent. China and India have decided to abandon the petrodollar. For one main reason. To get around the energy sanctions on Russian oil and gas. The rumor mill expects the already weak US dollar to potentially collapse. Which means every dollar you hold in a retirement account could instantly drop in value. In answer to this issue, we have released a Special Report to the public.
Click here to get your free copy.
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Company: NextEra Energy (SYM: NXE) NextEra Energy is a clean energy leader and is one of the largest wholesale generators of electric power in the U.S., with approximately 30,600 megawatts of total net generating capacity, primarily in 41 states and Canada as of year-end 2023. Helping, Goldman Sachs says the latest drop is a buy opportunity – especially with the company forecasting strong growth. We also have to consider that artificial intelligence data centers will require even more electricity. In fact, according to NextEra, electricity demand could increase 38% between 2020 and 2040, which is up from the 9% increase in demand between 2000 and 2020. |
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