"Qualcomm ( NASDAQ:QCOM) stands out as one of the lesser-appreciated semiconductor names as the AI revolution continues to play out, while other emerging tech trends also start to gain traction among growth and momentum-focused investors. Indeed, the AI race and the road towards AGI (or artificial general intelligence) seems to be on, with many hyperscalers signing deals or taking stakes in the great OpenAI, the firm that kicked off the AI boom when it unleashed ChatGPT to the world."
"Indeed, we're in an AI-driven bull market and one that doesn't seem to care all too much about the government shutdown and the lack of new economic data coming in. With employment numbers in an unknown spot and the potential for inflation to regain an upper hand as the Fed starts reducing interest rates, there's plenty to be worried about."
"With the rise of the quantum computing stocks, it appears that there might be other game-changing technologies that stand to accelerate AI progress en route to some form of superintelligence. As AI jolts the energy space and software names, I'd encourage investors to consider the broader industries that stand to mint new AI winners. When it comes to next-level AI, a ton of energy will need to be used, so much so that nuclear power is seen as the solution."
Qualcomm is positioned as an underappreciated semiconductor amid the ongoing AI revolution and other emerging tech trends. Hyperscalers are signing deals and taking stakes in OpenAI, accelerating AI adoption. Markets are behaving like an AI-driven bull market despite government shutdowns and limited new economic data. Employment uncertainty and potential inflation risks exist as the Fed begins rate cuts. Quantum computing and 6G connectivity are emerging themes that could accelerate AI advancement. Large-scale AI will require massive energy, making nuclear power a potential solution. Wireless connectivity players, including Qualcomm, appear relatively muted compared with a booming tech sector.
Read at 24/7 Wall St.
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