When it comes to investing in artificial intelligence (AI), one stock that is absolutely hard to ignore is Nvidia (NASDAQ: NVDA). The company almost single-handedly kicked off the AI revolution by developing the graphics processing units (GPUs) that make AI possible. The results of Nvidia’s fiscal 2024 (ended Jan. 28) help illustrate its uncontested success. …
Wall Street is a stomping ground for innovation. Since the advent of the internet three decades ago, there have been a long list of next-big-thing trends and innovations that have come down the line, including genome decoding, 3D printing, blockchain technology, and the metaverse, just to name a few. However, none of these trends offers …
There’s been a great deal of buzz over the past year or so about the impact of artificial intelligence (AI). The consensus is that these recent advances are groundbreaking and will increase human productivity severalfold by automating a growing number of otherwise time-consuming tasks. As businesses scramble to profit from these advances, some fear the …
When it comes to investing in artificial intelligence (AI), it may seem like Nvidia is the main focus of investors. The company has muscled its way into the “Magnificent Seven” as it claims between 80% and 95% of the AI chip market. However, Nvidia has also grown to a price-to-sales (P/S) ratio of 36, leading …
Artificial intelligence (AI) has become the hottest investment theme, captivating the minds of both seasoned investors and newbies alike. This is not surprising, considering multiple research firms expect the AI market to be worth more than $1 trillion by 2030. With the AI trend having the potential to generate windfall returns, investor interest in AI …
Perhaps the biggest business powering the markets right now is artificial intelligence (AI). It seems that every software developer is eager to cash in on AI euphoria, and technology stocks are reaping the benefits. As the S&P 500 and Nasdaq Composite trade at record levels, my eyes have been on one stock in particular. The …
There’s little question that artificial intelligence (AI) has been on a hot streak over the past year or so, and that trend shows little signs of slowing. It isn’t just average investors that are bullish on these developments. Billionaires, venture capital firms, and some of the world’s biggest tech companies have AI fever — and …
Semiconductor stocks have been on fire ever since ChatGPT was launched in late 2022. Since then, a slew of new generative artificial intelligence (AI) applications have made cutting-edge graphics processing units that can handle accelerated applications a hot commodity. As Nvidia (NASDAQ: NVDA) is the leader in that subset of the chip market, its sales …
Investors can’t get enough of Nvidia (NVDA). Now, the company is spreading that love to other stocks. On Wednesday night, an SEC filing revealed the chipmaking giant held investments in the stocks Arm Holdings (ARM), SoundHound AI (SOUN), and biotech company Recursion Pharmaceuticals (RXRX) as of Dec. 31, 2023. All three of the AI-related stocks …
After a year of spectacular gains, the stock market seems to be taking a breather to kick off the new year. Investors are justifiably cautious after the Nasdaq Composite (NASDAQINDEX: ^IXIC) notched gains of 43% last year. Given those stellar gains, investors are left to wonder if the current rally still has legs — and …