Here's how investors should navigate the bubble of the AI boom [Yahoo! Finance]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Yahoo! Finance
TheStreet sat down with Ari Newman, co-founder of venture capital firm Massive, to discuss his AI investment strategy in the midst of AI washing and investor hysteria. He said that eventually, AI companies will have to start making money. How they might do so is a 'terrifying' prospect to consider. A veritable tsunami of hype around artificial intelligence has spent the past year pushing the valuations of both private and public tech firms ever higher. Shares of Nvidia NVDA , the AI chipmaker that has been deemed the " picks and shovels of the AI gold rush ," have more than tripled since this time last year. Microsoft MSFT , all on the back of investor excitement around its explorations in AI, has added about $1 trillion to its market cap over the past year. And that's just two of the leading publicly traded AI firms. Related: Researcher has a warning about the future of the AI boom AI startups have also been absorbing funds at a quick rate; The Information reported Tuesd
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- Google CEO Sundar Pichai Nears Billionaire Status Powered by AI Boom [BNN Bloomberg (Canada)]BNN Bloomberg
- Amazon.com may be feeling pressure to join the dividend club [Yahoo! Finance Canada]Yahoo! Finance Canada
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