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The Impact of AI on Stock Market Giants
2024-07-28 05:50:08
Tech
Stocks
Artificial Intelligence

The Impact of AI on Stock Market Giants

Microsoft's AI investments, including a $10 billion stake in OpenAI, have positioned it as a dominant player in the tech industry. With the integration of ChatGPT and the launch of CoPilot, Microsoft's cloud business, Azure, has experienced significant growth.

Despite its high valuation, Microsoft remains a compelling long-term investment. Qualcomm, on the other hand, is set to benefit from the rise in AI-enabled smartphone shipments, but has not been identified as one of the best stocks to buy now.

C3.ai, an AI enterprise software platform, has seen growth but faces skepticism due to unsustainable losses. Additionally, the environmental impact of AI dominance is becoming a concern, with data centers consuming significant amounts of electricity and contributing to greenhouse gas emissions.

OpenAI's new prototype, SearchGPT, poses a threat to Google's search market dominance.

Related news on that topic:

OpenAI's SearchGPT Threatens Google's Search Dominance

OpenAI's SearchGPT, an innovative AI search engine, aims to rival Google by offering website summaries, citing sources, and supporting follow-up queries. With plans to integrate with news outlets and ChatGPT, OpenAI challenges Google's market dominance. The impact on digital advertising is uncertain, as are OpenAI's advertising strategies and partnership with Apple. Despite being an experimental prototype, OpenAI's CEO believes there is ample room for search improvement, posing a potential threat to Google's search supremacy.

Stock Market Today: Stocks end mixed as tech bounce falls short

Stocks ended mixed Thursday, with the Dow Jones Industrial Average finishing up 0.20%, while the S&P 500 and Nasdaq slipped. The sell-off in megacap tech stocks continued, dragging down the broader market. The Commerce Department reported a 2.8% increase in GDP last quarter, but expectations for Fed rate cuts remain. Bristol Myers Squibb and Colgate-Palmolive are expected to release quarterly updates. Nvidia shares extended their slump, and American Airlines slashed its profit forecast. Global stocks and oil prices slumped. The yen rose against the dollar. Futures contracts suggest a decline in the S&P 500 and Nasdaq. The VIX index, a measure of market volatility, rose significantly. Ford, IBM, and Southwest Airlines were among the stocks on the move. Overseas markets, including Europe's Stoxx 600 and Japan's Nikkei 225, also experienced declines. Earnings reports from tech giants and key economic data will be watched closely.

Read 2 more recent news on this topic

The press radar on this topic:

Yahoo Finance
27. Juli 2024 um 22:30

A Once-in-a-Generation Investment Opportunity: 1 Spectacular Artificial Intelligence (AI) Stock to Buy Now and Hold Forever

Technology
Economy
Finance
Microsoft, a dominant tech company, has made significant AI investments, including a $10 billion stake in OpenAI's ChatGPT. The company has integrated ChatGPT across its ecosystem and launched CoPilot, a virtual assistant used by 60% of the Fortune 500. Microsoft's cloud business, Azure, has seen 31% year-over-year growth, and the company holds 25% of the global cloud infrastructure market. Despite its high valuation, Microsoft's AI initiatives, cloud dominance, and commitment to innovation and..
Yahoo Finance
27. Juli 2024 um 18:18

1 Top Artificial Intelligence (AI) Stock That Could Start Soaring After July 31

Technology
Finance
Economy
Politics
Qualcomm, a semiconductor stock, is poised to benefit from the rapid growth in AI-enabled smartphone shipments, which are expected to increase from 51 million units in 2023 to 912 million units by 2028, a 78% CAGR. The company has been supplying its AI-focused chips to Chinese manufacturers like Xiaomi, OnePlus, Vivo, and Huawei, whose shipments have seen substantial increases recently. Qualcomm's stock is trading at a discount to the Nasdaq 100 index, at 26 times trailing earnings. However, the..
Yahoo Finance
27. Juli 2024 um 21:00

Should You Buy C3.ai Stock Right Now?

Technology
Economy
Finance
C3.ai, an AI enterprise software platform, has seen impressive growth but its shares have declined 28% in the last year. The company has forged partnerships and expanded its target market, but high spending has led to unsustainable losses. C3.ai's valuation is lower than peers, but investors seem to view Palantir as the superior option and are skeptical of C3.ai's AI prospects. The Motley Fool recommends considering other AI growth opportunities instead of investing in C3.ai, and notes that its..
The Street
31. Juli 2024 um 09:45

The big green price of AI dominance can't be ignored anymore TheStreet Daily Newsletter

Technology
Environment
Economy
Creating the GPT-3 model consumed 1,287 MWh and 552 tons of CO2, equivalent to 123 gasoline vehicles for a year. Data centers powering AI and cloud services account for 1-1.5% of global electricity use, challenging Microsoft and Google's climate commitments as their data centers consume 24 TWh annually, surpassing nations like Iceland and Ghana.
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