Software stocks have been hit by fears of competition from artificial intelligence but these five companies can thrive in the AI era, according to Oppenheimer analysts.
Source: https://www.barrons.com/articles/shopify-stock-software-ai-v…
AI investors remain bullish on AI stocks, with nine out of 10 planning to maintain or increase their positions. Nvidia has a 92% share of the GPU market and benefits from AI data center spending.
Data center spending could climb to $7 trillion by 2030, according to McKinsey. Advanced Micro Devices expects revenue to grow at a 35% compound annual rate over the next three to five years.
Here is how Nexa Resources S.A. (NEXA) and Denison Mine (DNN) have performed compared to their sector so far this year.
