JPMorgan CEO: AI As Transformative As Electricity; Microsoft and Nvidia Poised to Profit
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JPMorgan Chase CEO Jamie Dimon believes AI could be as transformational as major past innovations like the printing press and electricity.
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Nvidia is dominating the AI chip market with a 95% share in machine learning chips and data center GPUs. Its stock is up over 220% in the past year.
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Microsoft has developed AI assistants called Copilots that boost productivity. Analysts estimate Copilot adoption could generate $100 billion in revenue for Microsoft.
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JPMorgan Chase stock could benefit from the rise of AI, though the text focuses more on reasons to invest in Microsoft and Nvidia.
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Both Nvidia and Microsoft stocks look attractively valued relative to their growth potential, with PEG ratios under 1.