AI - Opportunity or Threat?
AI boom is undeniably an opportunity for companies like Nvidia, AMD and Microsoft.
But it is also quite evident that over the last few weeks, Apple and Google have been quite unloved in the latest AI rally.
It has been a while since Apple innovated or came out with something fantastic. Their Vision Pro hasn’t been lifting off, at least for now. At the same time, we don’t see lots of AI plays in their business - both products and services. Recently, they have also pulled the plug on Apple cars.
As for Google, they have been a little late in entering the AI field - late in introducing Bard to rival ChatGPT, late in introducing Gemini to rival other generative AI platforms. To make things worse, they had 2 rounds of bloopers for both of these platforms. Rushed products? Probably. They haven’t felt so threatened for years ever since they dominated the search engine field.
We are the start of the AI Transformation era. So if you don’t innovate with AI, you will lose out. It’s very dangerous to be too comfortable with what you have.
In the next couple of years, we may see a repeat of “Kodak” and “BlackBerry”. Old giants will fall, and new ones will rise.
Check out my latest YouTube video on stock market analysis:
Is AI Bubble in Trouble?
https://youtu.be/EeeFHi6RcNE$NVIDIA Corp(NVDA)$ $Palantir Technologies Inc.(PLTR)$ $Tesla Motors(TSLA)$ $Apple(AAPL)$ $Invesco QQQ Trust-ETF(QQQ)$
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