Whoever becomes the leader in this sphere [A.I.] will become the ruler of the world – Vladimir Putin
Since the end of November the firm’s market capitalisation has soared from under $400bn to $925bn—accounting for a fifth of the rally. Add Nvidia’s surge to the growing market capitalisations of the 13 other firms with AI exposure and a remarkable 73% of the broader rally is explained. The boom in ai stocks has comfortably outstripped the wider tech rebound. The nasdaq is up by a fifth since November, compared with a third for the most AI-exposed firms. – Economist
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