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The Nvidia-Led AI Boom Will Eventually Spread to These 3 Areas of the Stock Market, Goldman Says
The Nvidia-led AI boom will spread to three other areas of the stock market, according to Goldman Sachs.The bank highlighted the infrastructure stocks that are poised to benefit from more companies adopting AI."We expect there will likely be three broad, subsequent stages of the AI trade," Goldman Sachs said.Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview. Goldman Sachs identified 93 companies that fit the bill as being an AI infrastructure play. Some of those names include ARM Holdings for its chip design, Taiwan Semiconductor for its chip manufacturing, Cisco for its networking services, and nearly all electric utilities due to the expected increase in electricity demand.Phase three: AI EnablersThe third phase of the AI trade will positively impact companies that can boost revenues via their adoption and monetization of AI technologies."Software and IT Services seem best positioned for this phase of the AI ad
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