2024-04-30 05:06:00 ET
Since the advent of the internet roughly 30 years ago, there hasn't been an innovation or trend that's excited professional and everyday investors quite like artificial intelligence (AI) .
The lure of AI is the ability of software and systems to learn over time without human intervention (what's known as " machine learning "). Having these systems become more proficient at their assigned tasks, as well as expanding their utility beyond their initial assignment(s), gives AI a use case in virtually all sectors and industries.
Wall Street's brightest minds and most successful investors aren't oblivious to the game-changing growth potential AI brings to the table. It's why semiconductor stock Nvidia (NASDAQ: NVDA) has gained close to $1.9 trillion in market cap since 2023 began.
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