2024-07-28 04:06:00 ET
Although stock-split euphoria has taken hold in 2024, there isn't a bigger trend on Wall Street than the rise of artificial intelligence (AI) .
The loose definition of AI involves the use of software and systems in place of humans for specified tasks. What gives this technology such broad-reaching potential spanning virtually every sector and industry of the global economy is the ability for AI-driven software and systems to learn without human intervention. Becoming more proficient at existing tasks over time, perhaps even learning new skills, gives AI the potential to add an estimated $15.7 trillion to the global economy by 2030, according to analysts at PwC.
No company has benefited more directly from this game-changing innovation than semiconductor colossus Nvidia (NASDAQ: NVDA) .
For further details see:
Nvidia Stock Correction: 25 Years of History Offers Its Take on How Far the Leading Artificial Intelligence (AI) Company Might Plummet