Money managers are
scrambling to cash in on the stock market’s interest in
artificial intelligence, as a stunning rally by Nvidia
sparks a search for other companies that are capitalizing on.
Analysis:Wall Street hunts for more AI gold after Nvidia's soaring rally channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.
Money managers are scrambling to cash in on the stock market’s interest in artificial intelligence, as a stunning rally by Nvidia sparks a search for other companies that are capitalizing on the technology. Shares of Nvidia - whose chips are the gold standard in the AI industry - are up about 60% this year after tripling in 2023. “It's not a fad," said Francisco Bido, senior portfolio manager for F/m Investments' Large Cap Focused Fund.
The stock market's growing interest in artificial intelligence, fueled by Nvidia has set off a race among money managers to identify other companies leveraging the technology.