Tag: Dotcom bubble

Discover whether the current AI stock boom is reminiscent of the dot-com bubble. Some experts claim similarities while others disagree. Learn more here.

UBS analysts have compiled a list of 53 stocks that could surge by up to 20% due to AI growth across 27 sectors. The report highlights the increasing use of AI in various industries, with machines completing more than a third of business-related tasks. Although some analysts anticipate AI hype train to derail like the dot-com bubble, many stocks bounced back and exceeded expectations. The report provides a breakdown of each of the stocks, the industry, and reasoning behind each buy recommendation.

Nvidia is a leader in the AI technology market and its founder Jensen Huang is a Taiwanese-American entrepreneur with a net worth of over $14 billion. The COVID-19 pandemic has accelerated the demand for Nvidia's technology, leading to a surge in profits and stock prices. Analysts predict more growth for the chip-maker in the AI sector, fueled by increased investments from companies looking to take advantage of this technology gold rush.