SoftBank Missed Out On $160 Billion in Gains With Artificial Intelligence (AI) Leader Nvidia -- but Its Regret Will Likely Be Short-Lived
On Wall Street, there's always a next-big-thing innovation, technology, or trend vying for the attention of professional and everyday investors. Since the advent of the internet in the mid-1990s, investors have been eagerly awaiting the next game-changing innovation that would alter the growth arc for corporate America. After numerous buzzy trends have come and gone, artificial intelligence (AI) aims to give the proliferation of the internet a run for its money.
With AI, tasks that would normally be overseen or undertaken by humans are instead handled by AI-driven software and systems. The catalyst that gives AI almost limitless potential is the ability for software and systems to learn and evolve over time without human intervention. By 2030, the analysts at PwC estimate that AI can add $15.7 trillion to the global economy.
Although AI stocks have been making most billionaire money managers and investment funds notably richer throughout 2023 and the first half of 2024, not everyone has come along for the ride.
Source Fool.com
