Technology has always been pivotal in global economic development. Businesses and government institutions capitalize on it to enhance productivity and generate higher returns. If there’s one thing that doesn’t stop here, it will be evolution.
Using the Sharpe ratio, we can see that AI stock price returns outweigh volatility. Their ratios are also much higher than those of SPX. The same can be seen using the Treynor Ratio. AI, combined with blockchain technology, may transform banking products and services. For instance, it can automate transactions and store them while maintaining the anonymity of every client.
With its engagement in workflow automation for digital businesses, NOW is poised to capture more clients. E-commerce is expanding, while hybrid work setup has become more prevalent. These trends will increase the demand for cloud-based solutions to ensure productivity. They are crucial for businesses without brick-and-mortar establishments, which has increased since the pandemic. We expect more SMBs to enter the market in FY25 as the global economy regains its footing.
Second, it continues to lead AI research with its transformer method, which paved the way for ChatGPT’s success.
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Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »