Over the past 30 years, Wall Street has had no shortage of next-big-thing trends that have captivated investors. At the moment, nothing is garnering the attention of professional and everyday investors quite like artificial intelligence (AI).
AI, which involves the use of software and systems to oversee tasks normally overseen by humans, has application across almost every sector and industry. This is likely why the analysts at PwC believe AI has the potential to add $15.7 trillion to global gross domestic product by 2030.
Nvidia has become the infrastructure backbone of the AI revolution
Over the past year, megacap Nvidia (NASDAQ: NVDA) has led the charge among artificial intelligence stocks. It’s become the infrastructure backbone of the AI movement. The company’s A100 and H100 graphics processing units (GPUs) are the brains of high-compute data centers that…
