Tech Giants Lean on AI to Fuel Growth; Security and Hardware Firms Ride Coattails
• Microsoft is bringing AI advancements like ChatGPT to products like Bing and Copilot, leveraging partnership with OpenAI
• CrowdStrike offers popular Falcon cybersecurity platform powered by AI; revenue and customer growth remain strong
• Super Micro Computer makes server racks needed for data centers to store cutting-edge AI chips, sales expected to double by 2024
• Microsoft's search advertising business alone generates as much revenue as Domino's Pizza, Pinterest, CrowdStrike, and DraftKings combined
• Super Micro stock up 171% YTD, but high valuation of 58 P/E puts it out of range for value investors