2024-03-19 11:00:48 ET
Summary
- Last year's statement from NVIDIA's CEO regarding the "iPhone moment" for the artificial intelligence industry aged extremely well.
- While semiconductor stocks already demonstrated staggering rallies over the last twelve months, my top-5 AI stock picks are focused on the most promising players in the software domain.
- AI stocks are very unlikely to be in a bubble as my analysis suggests that share price spikes reflect big leaps in profitability of the biggest AI beneficiaries.
Investment thesis
About a year ago, NVIDIA's ( NVDA ) CEO, Jensen Huang called the emergence of ChatGPT "the iPhone moment" for the whole AI industry. If we look at NVIDIA's and other major semiconductor players' share price dynamic over the last twelve months, it is apparent that Mr. Huang was 100% right.
Read the full article on Seeking Alpha
For further details see:
My Top-5 Disruptive AI Stock Picks For Intelligent Investing