Chipmakers Outpace Software in Race to Capitalize on AI Promise
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Software companies like Snowflake have seen stocks drop recently due to high AI expectations and disappointing guidance.
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Semiconductor/chip companies like Nvidia and AMD are outperforming as top AI stocks.
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Cloud computing giants are driving chipmaker revenue growth with AI data center upgrades.
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Software companies are increasing AI investments but monetization lags as strategies remain unclear.
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Adobe earnings are due on March 14th and analysts/investors will look for commentary around AI products.