The best stocks now that the 'age of AI is upon us,' according to Jefferies

Artificial intelligence has captivated Wall Street in 2023. The emergence of OpenAI's large-language model ChatGPT has spurred investor excitement over AI, helping stocks with direct or perceived exposure to AI soar. In fact, Jefferies Equity Research went so far as to label the current economic backdrop underpinning markets as "the age of AI" in a recent report.

mountain Nvidia stock has added more than 180% so far in 2023. Google-parent Alphabet has also been a big beneficiary of the AI boom this year. The company announced its own large-language model, Bard , shortly after the launch of ChatGPT last November. Jefferies maintains a buy rating on Alphabet stock with a $150 per share price target, or about 25% upside from Wednesday's $120.18 close.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Carnival’s stock rallies to reverse almost all of its ‘perplexing’ post-earnings selloffCarnival's stock rallied Tuesday to take back nearly everything it lost in the previous session's "perplexing" post-earnings selloff.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Lordstown Motors stock price craters after company files for bankruptcyLordstown Motors craters 48% after the company files for bankruptcy and sues Foxconn over failed deal
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Unity stock soars 15% after new AI marketplace announced, analyst highlights acquisitionUnity Software Inc. shares rallied Tuesday after one analyst started the games engine and app monetization company at a buy and the company launched a...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »