AI becoming hot topic for 2024-To The Moon - Tiger Brokers Online Investing Community - To The Moon

AI becoming hot topic for 2024

A potential trajectory for the AI fever is towards edge computing. Notable contenders in this arena could include Apple, which recently shelved its electric vehicle ambitions. This shift might signal a reallocation of resources towards enhancing AI capabilities across its device ecosystem. Additionally, Lenovo, the world's leading PC manufacturer, has made strides into this domain with the launch of its own AI-powered PCs. This development is worth monitoring, as it indicates a broader industry move towards integrating AI more deeply into consumer technology and enterprise solutions.

HP Enterprises (HPE), however, did not catch the fever. Its share price was up only 2% following its earnings release, with revenue down 14% year-over-year for its latest quarter, not much better than Dell's 11% decline. Perhaps its minimal emphasis on AI—only briefly mentioned in three slides without any reported financial gains or growth from AI—played a role. HPE might learn from Dell's approach and highlight the AI narrative more effectively in future quarters.

This situation reveals that investors remain selective, not blindly investing in anything labeled with an AI tag. Its association with AI has to be credible. In another example, Microsoft's stock has outperformed Alphabet's as the latter struggled with its Gemini release.

Although its results exceeded expectations, revenue actually declined. Nevertheless, the allure of AI was all it needed. The company reported a 40% increase in orders for its AI-optimized servers compared to the previous quarter and announced future AI features for its laptops and mobile workstations, indicating a strong embrace of AI that significantly benefited its stock price.

Nvidia is not the only AI play in town, but it is undeniably the epicenter of the AI fever, which has spurred significant gains in other stocks due to their connections to AI.

Super Micro Computer (SMCI) stands out as one of the most notable beneficiaries, as demand for its custom server racks designed for Nvidia GPUs has surged. Its share price has risen by 217% year-to-date, and its market cap has expanded to $50.65 billion—surpassing those of AIG and Ford. This growth led to Super Micro's inclusion in the coveted S&P 500 index on March 18, 2024, marking its entry into the big leagues, all thanks to AI.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Notable contenders in this arena could include Apple, which recently shelved its electric vehicle ambitions. This shift might signal a reallocation of resources towards enhancing AI capabilities across its device ecosystem. Additionally, Lenovo, the world's leading PC manufacturer, has made strides into this domain with the launch of its own AI-powered PCs. This development is worth monitoring, as it indicates a broader industry move towards integrating AI more deeply into consumer technology and enterprise solutions.</p>\n<p>HP Enterprises (HPE), however, did not catch the fever. Its share price was up only 2% following its earnings release, with revenue down 14% year-over-year for its latest quarter, not much better than Dell's 11% decline. Perhaps its minimal emphasis on AI—only briefly mentioned in three slides without any reported financial gains or growth from AI—played a role. 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Its share price was up only 2% following its earnings release, with revenue down 14% year-over-year for its latest quarter, not much better than Dell's 11% decline. Perhaps its minimal emphasis on AI—only briefly mentioned in three slides without any reported financial gains or growth from AI—played a role. HPE might learn from Dell's approach and highlight the AI narrative more effectively in future quarters.</p>\n<p>This situation reveals that investors remain selective, not blindly investing in anything labeled with an AI tag. Its association with AI has to be credible. In another example, Microsoft's stock has outperformed Alphabet's as the latter struggled with its Gemini release.</p>\n<p>Although its results exceeded expectations, revenue actually declined. Nevertheless, the allure of AI was all it needed. The company reported a 40% increase in orders for its AI-optimized servers compared to the previous quarter and announced future AI features for its laptops and mobile workstations, indicating a strong embrace of AI that significantly benefited its stock price.</p>\n<p>Nvidia is not the only AI play in town, but it is undeniably the epicenter of the AI fever, which has spurred significant gains in other stocks due to their connections to AI.</p>\n<p>Super Micro Computer (SMCI) stands out as one of the most notable beneficiaries, as demand for its custom server racks designed for Nvidia GPUs has surged. Its share price has risen by 217% year-to-date, and its market cap has expanded to $50.65 billion—surpassing those of AIG and Ford. 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Its share price was up only 2% following its earnings release, with revenue down 14% year-over-year for its latest quarter, not much better than Dell's 11% decline. Perhaps its minimal emphasis on AI—only briefly mentioned in three slides without any reported financial gains or growth from AI—played a role. HPE might learn from Dell's approach and highlight the AI narrative more effectively in future quarters. This situation reveals that investors remain selective, not blindly investing in anything labeled with an AI tag. Its association with AI has to be credible. In another example, Microsoft's stock has outperformed Alphabet's as the latter struggled with its Gemini release. Although its results exceeded expectations, revenue actually declined. Nevertheless, the allure of AI was all it needed. 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