In recent years, the buzz surrounding artificial intelligence has propelled chipmaker Nvidia to new heights, making it one of the most valuable companies in the world. However, investors focused on AI are also exploring other stocks beyond Nvidia.
Within the AI supply chain, hardware-focused companies have experienced significant stock price spikes over the past 18 months. Additionally, the adoption of AI within large organizations has created opportunities for leading software firms to capitalize on the trend.
Several publicly traded companies are capitalizing on the surge of artificial intelligence investment, showcasing the diverse range of opportunities available in this rapidly growing sector. The current interest in AI is also linked to substantial corporate spending taking place now, unlike the short-lived investments seen during the dot-com era.
While some have drawn parallels between the current AI excitement and the dot-com bubble of the late 1990s, analysts note that this time around, the focus is on a smaller number of established technology firms. Chirag Dekate, a vice president and analyst at Gartner, suggests that the impact of generative AI is not as widespread as initially anticipated. Instead,
