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Bank of America said there are 4 factors driving the AI revolution:
- Democratization of data
- Unprecedented mass adoption
- Warp-speed technological development
- Abundant commercial uses
The note comes right after Alphabet’s Google (NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT) have sparked a new wave of interest in AI, thanks to ChatGPT’s massive success.
As BofA said…
“We are at a defining moment—like the Internet in the 90s—where artificial intelligence is moving towards mass adoption, with large language models like ChatGPT finally enabling us to fully capitalize on the data revolution.”
Meanwhile, AI stocks are rallying substantially.
C3.ai surged 38% last Friday after its earnings report…
And stocks like Nvidia, GitLabs and Microsoft also surged up to 6%.
Because this is THE biggest transformational tech trend of the last 20 years.
As Bill Gates just said, it will “change our world.”
Banking giant UBS says the AI market could be worth a trillion dollars.
And some of the biggest names in tech are making massive investments in AI.
Like Microsoft’s $10 billion investment in OpenAI, the startup behind ChatGPT.
This major investment is not only sparking a NEW wave of investments in AI…
But it’s creating a huge opportunity for investors who jump into the right trades, right now.