These 'early mover' companies racing to capitalize on generative artificial intelligence stand to come out on top, according to SVB MoffettNathanson.
"Early mover" companies racing to capitalize on generative artificial intelligence stand to come out on top in the ongoing contest for dominance in the nascent market, according to SVB MoffettNathanson. So far this year, investors seem to cheer any company connected to AI, boosting shares of Meta Platforms and Nvidia more than 90% each in 2023, and Alphabet and Microsoft by 25% or more.
mountain Microsoft shares in 2023 "From our perspective the winners are going to be the early movers that embrace AI to widen the competitive moat, provide the infrastructure over which AI runs, and those with the biggest data sets," Auty said. MoffettNathanson firm named Microsoft among the top AI beneficiaries.
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