- AI Insight Central Hub
- Posts
- AI Stocks: Chipmakers Outshine Software Companies in 2024
AI Stocks: Chipmakers Outshine Software Companies in 2024
Silicon Titans vs. Code Giants: The AI Stock Rally Unfolded
Word count: 583 Estimated reading time: 2 minutes
If you've been keeping an eye on the AI stock rally, you might be wondering why chipmakers seem to be stealing the spotlight from software companies in 2024. Let's dive in and explore what's happening.
First off, let's look at some key players:
Palantir Technologies (PLTR) has seen an impressive 49% jump this year
Microsoft (MSFT) and Salesforce (CRM) are holding strong, with gains of 6% and 15% respectively
Snowflake (SNOW), on the other hand, has taken a 19% hit after a disappointing fiscal 2025 outlook
So, what's going on? It turns out that while software companies are still figuring out how to price and integrate AI tools, chipmakers like Nvidia (NVDA), Arm Holding (ARM), and Advanced Micro Devices (AMD) are reaping the benefits of AI-related upgrades in data centers.
In fact, the PHLX Semiconductor Sector index has surged 18% this year, with Nvidia and Arm stocks skyrocketing 78% and 75% respectively. That's some serious growth!
But don't count software companies out just yet. Analysts believe that while AI revenue expectations may have been a bit overzealous, the real wave of AI monetization is likely to hit in the second half of 2024 and into 2025.
Companies like Adobe (ADBE), whose earnings are due March 14, are still generating buzz around AI. And with industry-specific versions of generative AI on the horizon, there's plenty of potential for software companies to make their mark.
The bottom line? While chipmakers are certainly having a moment, the AI race is far from over. As companies continue to invest in and develop AI products, we can expect to see some exciting developments across the tech sector.
So, what do you think? Are you betting on chipmakers or software companies to come out on top in the AI stock rally? Let us know in the comments below, and don't forget to share this post with your fellow tech enthusiasts!
Source: https://www.investors.com/news/technology/ai-stocks-artificial-intelligence-software-chipmakers/
Get Your 5-Minute AI Update with RoboRoundup! 🚀👩💻
Energize your day with RoboRoundup - your go-to source for a concise, 5-minute journey through the latest AI innovations. Our daily newsletter is more than just updates; it's a vibrant tapestry of AI breakthroughs, pioneering tools, and insightful tutorials, specially crafted for enthusiasts and experts alike.
From global AI happenings to nifty ChatGPT prompts and insightful product reviews, we pack a powerful punch of knowledge into each edition. Stay ahead, stay informed, and join a community where AI is not just understood, but celebrated.
Subscribe now and be part of the AI revolution - all in just 5 minutes a day! Discover, engage, and thrive in the world of artificial intelligence with RoboRoundup. 🌐🤖📈
How was this Article?Your feedback is very important and helps AI Insight Central make necessary improvements |
About the Author: InfoPulse is a pivotal contributor to the AI Insight Central Hub, focusing on enhancing the RoboReports segment. Skilled in demystifying complex AI subjects, InfoPulse crafts articles that cater to enthusiasts from novice to intermediate levels, offering deep analytical insights and engaging narratives to simplify the vast AI landscape for its readers.
About the Illustrator: VisuaLore is a creative force in digital illustration, providing artists with personalized guidance and technical support, especially in Adobe Illustrator and Procreate. VisuaLore's mission is to inspire artists with innovative solutions and quality advice, fostering growth and creativity in the visual arts community
This site might contain product affiliate links. We may receive a commission if you make a purchase after clicking on one of these links.
Reply