Microsoft and Alphabet have only increased by about 5 percent this year, well behind the nearly 60% increase in Nvidia, according to a Bloomberg report published on"If you're only buying Microsoft and Alphabet for AI, you might be disappointed by how slowly it rolls out and translates to revenue growth," said Gregg Abella, chief executive officer of Investment Partners Asset Management.
While the tech giants' shares tublme, businesses like Nvidia Corp. and C3.ai Inc. have surged on the back of the excitement over the potential boost to their business.
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