Tech Earnings Are Almost Here. It's All About AI and These 8 Stocks
Earnings season is upon us, and once again, it will be all about AI.We're almost 17 months into the generative artificial intelligence revolution, if you set the starting line as the launch of OpenAI's ChatGPT in November 2022. So far, most of the benefits have gone to the picks-and-shovels plays, chip companies like Nvidia, Advanced Micro Devices, and Micron Technology, cloud providers like Amazon Web Services and Microsoft Azure, and hardware vendors like Dell Technologies and Super Micro Computer.In the long run, though, AI can't just be about capital spending. Someone has to use the stuff. That's why this quarter, the focus shifts to software companies. All of them have been frantically writing new code and revamping to join the AI wave.Crab Apple. So far, 2024 has been rough on Apple shareholders thanks to the new antitrust lawsuit from the Department of Justice, difficult competitive conditions in China, a paucity of AI news, and a general lack of growth. In fact, Wall Street is