Reported 8 months ago
The article discusses how artificial intelligence (AI) is driving growth in technology stocks, with a projected $15.7 trillion contribution to the global economy by 2030. Broadcom (NASDAQ: AVGO) and Oracle (NYSE: ORCL) are highlighted as companies benefitting from the AI boom, with Broadcom experiencing a 280% increase in AI revenue and Oracle seeing a 44% year-over-year boost in remaining performance obligations. The demand for semiconductor chips for AI applications and the growth in cloud AI services indicate these companies could continue their upward trajectory, making them potentially lucrative investments.
Source: YAHOO