Investors have been urged to look beyond the immediate AI winners amid a narrow scope of ‘pure’ play options, as concerns that a bubble is forming persist.
The global euphoria for AI, coupled with a blockbuster fourth quarter for Nvidia, has propelled a 75% surge in the chipmaker's shares so far this year, according to data form Morningstar Direct, while the Dow Jones US Semiconductors index has gained over 33.3% during the period. Excitement surrounding generative AI significantly boosted AI-related stocks in 2023, with Big Tech companies maintaining strong performance in the latest earnings season. However, some industry players have warned that following substantial gains last year, these companies could face setbacks if upcoming qua...
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