Reported about 1 year ago
Hardware stocks are outperforming software stocks for the first time in a decade, thanks to the AI boom and the fast-growing adoption of generative artificial intelligence. While software companies struggle to monetize AI due to the lack of applications delivering significant returns, hardware providers like Nvidia and AMD are benefiting as companies race to buy AI-enabled GPU chips. The dynamic shift in the tech industry has led to hardware tech stocks outperforming software tech stocks by 30 percentage points year-to-date, marking a significant change in one of Wall Street's most successful tech trades over the past decade.
Source: YAHOO