Core Insights - The rise of artificial intelligence (AI) is seen as the next significant advancement for corporate America, following the internet revolution [2][11] - AI has the potential to enhance productivity and demand across various industries globally, with a projected 3 trillion since the start of 2023, driven by high demand for its AI GPUs [12] - Major tech companies, including Nvidia, Meta, Alphabet, and Apple, have collectively invested 118.3 billion, Alphabet: 82.7 billion, Nvidia: 10.5 billion to acquire Nvidia's Hopper chips for its AI data center projects and is also developing its own AI chip [17] - Apple is also heavily investing in AI, utilizing Google's tensor processing units for its Apple Intelligence model, which aids in data processing for its devices [18] - Despite substantial R&D expenditures, the focus on share buybacks indicates a strategic choice to enhance earnings per share (EPS) and signal confidence in stock value [14][20]
4 of Wall Street's Most Prominent Artificial Intelligence (AI) Stocks Have Made a Shocking $1.23 Trillion Investment