Tag: Market value

Investing in semiconductor companies powering AI may yield higher returns than leading AI pioneers, according to analysts at Bernstein. The semiconductor market has profited from the AI revolution, igniting investor interest and creating lucrative opportunities. Bernstein has identified six semiconductor companies with a rating higher than the current market levels, presenting significant potential for price-target upside. As investors pour record sums into AI tech funds, experts predict AI advances could contribute $7tn to global GDP over the next decade.

Chegg's market value has dropped by 48% due to the rise of rival AI-powered learning platform ChatGPT. Despite partnering with OpenAI to create CheggMate, an AI learning companion, it hasn't stopped the loss in subscribers. Chegg did not provide revenue forecasts for the second half of 2021.

Nvidia reaches a $1tn market value and becomes the first chipmaker to do so. The demand for its AI chips has driven the surge, with growth expected to continue.