News Formal

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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Nigeria News News

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 (

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Posthaste: Housing market faces 'bumpy' road amid high interest rates, RBC saysThe Bank of Canada\u0027s latest interest rate hikes put the brakes on the housing market rebound in many cities, RBC says. Find out more.
Source: TheStarPhoenix - 🏆 253. / 63 Read more »

Posthaste: Housing market faces 'bumpy' road amid high interest rates, RBC saysFrom Financial Post: The Bank of Canada's latest interest rate hikes put the brakes on the housing market rebound in many cities, RBC says. Find out more.
Source: TheStarPhoenix - 🏆 253. / 63 Read more »