Tech Giants Nvidia, Microsoft, and Alphabet Lead Magnificent Seven in AI Race
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Nvidia is the leader in AI hardware with its graphics processing units (GPUs) that power AI models like ChatGPT. Its stock has soared over 400% thanks to strong growth.
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Microsoft has established itself as a leader in AI software through partnerships like OpenAI and by deploying AI across products like Azure, GitHub, Office, and Bing.
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Alphabet has been investing in AI for years through acquisitions like DeepMind and its own technology like Google Brain. It recently launched chatbot Bard and autonomous vehicle company Waymo.
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Companies are racing to leverage AI to serve customers better and make operations more efficient. Investor enthusiasm has led tech stocks to soar.
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The "Magnificent Seven" tech companies are leading the way in the AI race, with Nvidia, Microsoft, and Alphabet at the forefront. Their bets on AI are paying off.