Posted 12/8/2023, 2:34:17 PM
AI Boom Shifts from Chipmakers to Software as Companies Seek Custom Solutions
- The AI boom is transforming industries and creating new stock winners, with chip stocks like Nvidia benefiting greatly so far
- InvestorPlace's Luke Lango sees the AI boom unfolding in stages, with each new stage benefitting different types of companies
- Lango believes chip stocks like Nvidia will slow down as companies seek to build their own customized AI chips
- Microsoft, Oracle, Meta, Amazon are positioned to benefit from the next stage as companies embed AI into specific products
- Lango says we're entering the "profit push" stage where AI enables new products and services, shifting profits away from chipmakers