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19 stocks that will continue to profit from AI rising demand: RBC

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RBC: These 19 stocks with an early lead in the AI revolution will continue to profit from rising demand in semiconductors, cloud computing, and more

AI hype has carried companies this year, but earnings season is separating the wheat from the chaff.The firm picked 19 stocks in a number of fields, including semiconductors, supply chains, and more.

The second-quarter earnings season is almost over, and investors are finally learning which companies have been mooching off of artificial intelligence hype this year, and which are seeing results from early AI adoption.in earnings announcements this quarter.

And while plenty of companies have ridden the wave higher in the first half of this year, RBC has identified the few companies that are making significant strides in AI development that will allow them toA number of themes leapt out from earnings reports and calls with management, the RBC analysts wrote.

Companies leading the charge in AI investments enjoyed strong second-quarter earnings, thanks in part to those very investments. For instance, Microsoft (

 

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