Investing

  •  acceptance

    AI: 20% of investors say they’ve used an AI chatbot, Yahoo Finance-Ipsos poll finds

    Yahoo, 06/13/23. Generative AI chatbots like OpenAI’s ChatGPT have become a hot trend on Wall Street and in Silicon Valley, with companies like Microsoft, Google, and Goldman Sachs experimenting with them. According to a Yahoo Finance/Ipsos survey, investors are more likely to use AI chatbots than non-investors. However, many investors and non-investors still haven’t used chatbots or AI financial advisers. As AI technology continues to spread, more people may become comfortable with it and use AI advisers. The boom in AI-related companies has sent shares of graphics giant Nvidia up 165% year-to-date. READ THE ARTICLE

  •  Hardware

    Nvidia Stock Soars on Earnings Beat. AI Is Even Bigger Than You Thought.

    Barron’s, 05/24/23. Nvidia, the semiconductor giant, reported stellar financial results for the April quarter, exceeding expectations. With adjusted earnings per share of $1.09 and revenue of $7.2 billion, the company showcased its strength in the AI market. The big news came with their revenue forecast for the July quarter, reaching a staggering $11 billion. Nvidia’s chips enabling AI applications were in high demand, leading to a remarkable 25% surge in their stock price. READ THE ARTICLE

  •  Investing

    Hedge Fund Manager Doug Kass Has a Blunt Warning About AI Stocks

    The Street, 05/24/23. Artificial intelligence (AI) stocks have surged in popularity, fueled by the success of OpenAI’s ChatGPT and the integration of AI by major tech companies. However, hedge fund manager Doug Kass warns of the challenges ahead. Concerns over regulation, misinformation, and potential misuse of AI could impact profitability and lead to market pullbacks. Investors should approach AI stocks with caution, considering the risks and the possibility that current valuations may be too high. READ THE ARTICLE