Savvy investors know that when there’s a gold rush underway, buying the stocks of companies that are supplying the “picks and shovels” is a proven wealth-building strategy. When it comes to the artificial intelligence (AI) boom, it’s the computing infrastructure that makes the game-changing technology possible. Think chips and computer servers rather than pickaxes and …
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 …
Last year was something of a coming-out party for artificial intelligence (AI), as Wall Street and Main Street alike were introduced to the capabilities of AI’s next-generation algorithms. It didn’t take investors long to realize that a number of the stock market’s best-performing stocks had something in common — they had AI in their DNA. …
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 …