Reported 3 days ago
In 2024, artificial intelligence firmly established itself as a driving force on Wall Street, with the number of companies leveraging AI in their earnings calls significantly increasing. Notably, three of the top five performing stocks in the Russell 1000 attributed their remarkable gains to AI advancements. Companies like Applovin saw enormous profits and stock surges due to their AI-driven advertising revenue, while Palantir Technologies and Vistra also gained significantly from their AI-driven solutions and utility industry impacts, respectively. Nvidia and Broadcom thrived amid escalating demand for AI-related technology, marking a triumphant year for stocks connected to artificial intelligence.
Source: YAHOO