Artificial Intelligence Remains Sizzling for Companies Like Micron, Oracle
Investors eager to capitalize on the latest technological breakthroughs now have the opportunity to indirectly invest in Elon Musk's Starlink, SpaceX's satellite venture, as it gains traction on investment platforms.
Meanwhile, Wall Street is witnessing a surge, with the S&P 500, Nasdaq 100, and Dow Jones all climbing. This upward trend is fueled by a new wave of AI enthusiasm, with top tech stocks such as NVIDIA, Microsoft, Alphabet (Google), Amazon, Apple, Tesla, Oracle, Meta, Salesforce, Palantir, MongoDB, and Snowflake experiencing significant gains.
NVIDIA, in particular, has seen robust gains, but other competitors like Oracle and Salesforce are also viewed as growth opportunities. Despite current record highs, investment prospects remain in AI-enabled software platforms and cloud infrastructure. Companies integrating AI into SaaS business models and cloud services continue to be promising, despite some market volatility.
Oracle's audacious revenue projection for its cloud division by 2030, which sent its stock up 36 percent, underscores the massive growth potential for artificial intelligence. The telematics specialist, too, is experiencing consistently rising revenues, having secured lucrative large projects due to a leading market position.
The AI frenzy is not confined to tech giants. Constellation Energy is also heading towards a new high, while Micron Technology rose 34 percent due to the AI boom. The world's largest alternative asset manager is expected to experience a special boom in the coming quarters.
Investors seeking more information about tech stocks benefiting from the AI frenzy can find it on page 14 of the new issue of DER AKTIONÄR. The telematics specialist's success story is a testament to the potential returns that can be reaped in this exciting and rapidly evolving market.
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