AI! The most talked about topic in the investment world lately. We had a crazy tech rally during covid. When the pandemic ended, inflation and interest rates rose and the tech. mega rally was extinguished.
Now we have a new rally!
ChatGPT has left investors feeling exuberant. And a new rally is in full swing as all sorts of future AI opportunities are priced in.
That's why I've singled out 20 stocks from the S&P 500 whose recent fortunes seem to be linked to AI. whether more. or less, here are examples of how some companies are using AI:
Alphabet($GOOG-1.3% ): Alphabet: has invested heavily in AI, with Google's AI powering products like Google Search and Google Assistant.
Amazon.com($AMZN-0.7% ): Amazon uses AI in its recommendation engines, its Alexa voice assistant, and in the operation of its AWS services like SageMaker for AI and ML.
Apple($AAPL-1.1%): uses AI in its Siri voice assistant, facial recognition, and predictive text functions.
Applied Materials($AMAT+2.0%): uses AI for process control and yield prediction in semiconductor manufacturing.
Autodesk($ADSK+1.5%): Autodesk: uses AI in its software for tasks such as design automation and predictive preview of project documents for designers/architects.
Cisco Systems($CSCO+0.6%): uses AI to enhance cybersecurity, network operations, and predictive analytics.
Salesforce.com($CRM+0.6% ): Salesforce: uses AI in its customer relationship management software.
Meta($META-1.4% ):uses AI to moderate content, target advertising, and enhance social VR experiences.
HP($HPQ+2.3%) uses AI to manage print services and predictive maintenance of its hardware.
Intel($INTC-1.1% ): provides AI-optimized hardware for AI workloads and develops AI technologies through its Mobileye subsidiary.
Microsoft($MSFT-0.5%): is involved in the production and distribution of AI, e.g.: has a broad AI strategy, including its Azure AI platform and AI applications in Office 365 and Dynamics 365.
Nvidia($NVDA+3.5%): is a leading provider of GPU hardware, which is key to AI computing, and also develops AI software platforms.
Oracle($ORCL+2.4%): integrates AI into its suite of cloud applications and database services for tasks such as automation and analytics.
AMD($AMD-2.4%): Provides high-performance computers and GPUs that are integral to AI computing and machine learning tasks.
Tesla($TSLA-1.4% ): Tesla uses AI extensively in the development of self-driving car technology and manufacturing automation.
Texas Instruments($TXN+0.7%): integrates AI into its semiconductor technologies, particularly in edge AI applications.
Boeing($BA-1.9%): uses AI in areas such as autonomous flight, predictive maintenance, and manufacturing processes.
The Walt Disney Company($DIS+0.0%): uses AI in areas such as content recommendation, animation, and improving customer experience.
The Visa Company($V+0.9% ): uses AI to improve fraud detection and risk management, enhance customer experience, and provide data insights across its payment network.
Nicely summed up and I'll join the Applaks here 😂 I also think they'll come up with something later when it's a blast
AI is and will be absolutely everywhere. It's just that we'll probably see more gadgets from Apple, they haven't come up with anything extra compared to the competition yet.