AI Stocks: Tech Giants, Cloud Titans, Chipmakers Battle For An Edge

Posted under: Computing
Date: 2024-01-18
AI Stocks: Tech Giants, Cloud Titans, Chipmakers Battle For An Edge

Amid surging investor interest in artificial intelligence, many companies suddenly tout AI product roadmaps. Major companies, including Microsoft and Nvidia, are capitalizing on the investor interest. But finding legit AI stocks that already garner revenue from generative AI, poses both risk and opportunity. Mastercard is set to introduce Mastercard Small Business AI, providing virtual mentorship and professional guidance for entrepreneurs. As the Nasdaq soared in 2023, driven by excitement around generative AI, investors are urged to be cautious amid the hype. The top AI stocks range from chipmakers like Nvidia to software companies, cloud service providers, and technology giants incorporating AI tools. Analysts predict the emergence of an "edge AI" market for on-device AI processing. Apple is anticipated to respond with a developer-built AI App Store in 2024. Regulatory challenges and the growing demand for gen AI solutions are shaping the landscape of AI stocks.

Read more at: www.investors.com