AI Growth: A Casual Look at Some Favorite Stocks

You've probably heard a lot about AI stocks this year. They've been doing really well, and UBS thinks there's still a lot of room to grow. Let's start with Nvidia, a big name in chips. This year alone, it's gone up by almost 186%! That's way more than the S&P 500's rise of 22% in 2024. UBS says we're still in the early stages of AI growth. They think the launch of ChatGPT back in 2022 really kicked things off. While chips have led the way so far, UBS sees other sectors and regions coming up fast. They expect AI revenues to reach over a trillion dollars within the next decade!

Even with some ups and downs ahead, UBS thinks it's a good time to go in strong on AI stocks. They believe there will be lots of growth and better ways to make money from AI in the next year or so. UBS has refreshed its global AI portfolio and includes Meta Platforms, which is doing great this year. Its short-form video efforts and investments in the metaverse through Reality Labs could bring even more growth. Apple and Intel, reporting their results this week, are also on UBS's radar. Apple's new AI platform, Apple Intelligence, just launched on the iPhone 16 and iPhone 15 Pro, plus iPads and Macs. With the rise in AI demand, even Netflix is set to benefit. UBS thinks Netflix will keep growing globally despite competition.

Actions