Investors searching for hyper-growth exposure should turn to artificial intelligence-focused stocks, according to Adam Parker, founder and CEO of Trivariate Research. Parker estimates that in the next 10 to 20 years, between 20% and 50% of all human activity will be affected if not totally commoditized by A.I. "This could have a massive implication on humankind and the stock market," he wrote. In fact, the technology is already affecting stocks more than people think, he said.
Nvidia has become the poster child for AI and tops the list with 86 references to AI, three references to machine learning and six to ChatGPT in its last transcript. The company has more than 95% of the market for AI chips , according to New Street Research. On Tuesday, the company announced new software to prevent AI models from mentioning harmful subjects, stating incorrect information or opening up security holes. The stock has been on a tear, with shares up more than 80% year to date.