The hype surrounding artificial intelligence has fueled a surge in the stock price of chipmaker Nvidia, making it one of the most valuable companies in the world. While Nvidia has dominated much of the attention, other companies in the AI supply chain are also experiencing rapid growth. In recent 18 months, some hardware-focused firms have seen significant gains in their stock prices as AI technology is increasingly adopted by large organizations and drives business for leading software companies.
The investment craze surrounding AI has been compared to the dot-com bubble of the late 1990s, where internet startups experienced massive but short-lived gains before crashing. However, analysts believe that this time around, there is more substance behind the interest in AI, with significant corporate spending happening now. According to Chirag Dekate, a vice president and analyst at Gartner, while generative AI is not as widespread as initially thought, there are only a few entities providing foundational technology that powers its capabilities.
As a result of this growing demand for AI technology and increasing adoption across various industries, several publicly traded companies are capitalizing on the surge in artificial intelligence investment. These companies are benefiting from their ability to provide innovative solutions that meet changing business needs and are driving growth across multiple sectors. Investors looking to capitalize on the AI trend have a range of options when it comes to investing in companies at the forefront of this technological revolution.
In conclusion, while there may be concerns about overhyping AI and its impact on society and job markets, it’s clear that investors see significant potential for growth and profitability within this emerging field. As such
