TECH - Is AI More Valuable In Advertising Than Healthcare? Jim Cramer Questions Wall Street's Preference | Benzinga
In a recent revelation, CNBC’s Mad Money host Jim Cramer disclosed that the financial market values artificial intelligence (AI) technology more for advertising than for healthcare.
What Happened: Cramer shared his insights while attending JPMorgan’s healthcare conference, reported CNBC on Tuesday. He observed that Wall Street was more interested in using generative AI for advertising purposes.
He pointed out that top companies like Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOGL) saw their stock prices rise due to their AI-driven advertising capabilities.
“Could targeting the right consumer really be more important than saving the consumer’s life?” Cramer questioned.
He added that analyzing data for targeted ads holds more value in the current investment landscape than using AI to enhance human life.
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However, Cramer acknowledged the potential for AI’s intersection with healthcare. He referenced a JPMorgan note highlighting Nvidia’s (NASDAQ:NVDA) $1 billion+ healthcare business, which is pivotal for ...