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Investing Insights

Is There a New Leader in the AI Race?

Jul 19, 2024
Sarah Hansen discusses the AI market rally and the Fab Five. Sean Dunlop talks about AI in the restaurant industry. Travis Miller explores utilities powering AI. Topics include AI outlook, tech companies' struggles, and AI stocks' revenue.
14:54

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Quick takeaways

  • Tech giants like Nvidia lead the AI market rally, dominating returns with strong earnings and investments.
  • AI technology drives innovation and market performance, encouraging investment in secondary firms benefiting from advancements.

Deep dives

Tech Stocks Driving the Bull Market

The rise of artificial intelligence has led to a focus on certain tech stocks such as Nvidia, Amazon, Meta, and Alphabet, collectively known as the Fab Five. These companies have been driving a significant portion of market returns, with Nvidia alone contributing about a third of the market's returns. Despite calls for the market rally to broaden, these tech giants continue to dominate due to their strong earnings, massive investments in AI, and resilience to high interest rates.

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