The fast advance in stocks tied to artificial intelligence has mostly been supported by strong underlying fundamentals, Goldman said.
The growing popularity of stocks tied to artificial intelligence has fueled fears of a bubble, but Goldman Sachs believes that the rally has been justified and has more room to run. The promised benefits and profits springing from AI triggered a powerful rally this year, especially in key players such as Nvidia , Alphabet and Microsoft. The fast advance, while some view as unsustainable, has been supported by strong underlying fundamentals, Goldman said.
" Semiconductors: Nvidia, Marvell Technology and Credo Technology Group Cloud computing infrastructures: Microsoft, Alphabet and Amazon Empowered users: Meta Platforms, Salesforce, Adobe, ServiceNow and Intuit The market value of AI enabler Nvidia has topped $1 trillion as investors piled into the stock after its own repeated strong forecasts of future demand. Marvell Technology and Credo also manufacture related equipment needed to build AI technology, Goldman said.
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