Reported 12 months ago
According to Cathie Wood, software companies will be a major opportunity in AI, with potential to generate $8 in revenue for every $1 spent on chips like Nvidia. Wood's investment firm is backing private AI software companies like OpenAI and investing heavily in Tesla for its AI capabilities. CrowdStrike, a leader in AI-powered cybersecurity, is poised for growth with its unique security architecture and AI-driven threat analysis. Meta Platforms, leveraging AI for personalized experiences and chatbot development, offers a low P/E ratio and future revenue potential. Wall Street projects promising growth in both stocks if the AI software trend continues.
Source: YAHOO