AI Boom Enters Next Phase as Investors Target AI Infrastructure and Integration
• Phase One focused on the Nvidia (NVDA) boom, with its stock up over 500% since early 2023 on the back of AI optimism.
• Phase Two will target the broader infrastructure needed to support AI, like semiconductors, cloud computing, and hardware. Stocks like Broadcom (AVGO) and Amazon (AMZN) could benefit.
• Phase Three will focus on companies integrating AI to boost revenues, like software firms Intuit (INTU) and ServiceNow (NOW).
• Phase Four relates to companies using AI to drive productivity gains, especially in labor-intensive industries.
• Several AI-focused ETFs can offer diversified exposure, like the Global X Artificial Intelligence & Technology ETF (AIQ).