Nvidia Leads S&P in AI Growth; Deere and GE Healthcare Also Invest Heavily in Transformative Technology
-
Nvidia is the best performing S&P 500 stock over the past year due to its leadership in AI, but some investors may want other AI exposure outside the tech sector.
-
GE Healthcare and Deere are using AI to improve productivity and efficiency, adding value for customers. GE Healthcare is acquiring AI companies while Deere is investing heavily in R&D.
-
Nvidia sees a big growth opportunity in building specialized “AI factories” - data centers optimized for companies’ AI needs. Its valuation remains high but is justified by massive cash flows.
-
Deere attributes much of its recent explosive growth to its “Smart Industrial” strategy combining software, automation and AI to boost crop yields and lower costs for farmers.
-
While industrial companies like Honeywell have struggled to monetize AI, Deere is executing well, with plans for fully automated farms by 2030. Its focus is long-term growth over immediate returns.