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3 hours ago
CNBC Pro: ‘Heavily influenced by AI’: RBC names 3 little-known stocks as beneficiaries
Rising demand for generative artificial intelligence has sent the stock prices of many AI companies soaring, including chipmaker Nvidia and Microsoft, which backs ChatGPT. RBC Capital Markets has identified three little-known companies poised to cash in on the AI boom.
RBC notes that major cloud providers such as Amazon, Microsoft, and Google are packing tens of thousands of power-hungry AI chips into their data centers (facilities that host computer servers) and infrastructure such as cooling systems and electrical equipment. It was pointed out that the demand for
To meet that demand, one of the companies identified by RBC is establishing a facility called an “AI Factory.”
CNBC Pro subscribers can read more here.
— Ganesh Rao
3 hours ago
CNBC Pro: Want to test the red-hot gold price? Top hedge fund manager says ‘buy these 3 stocks’
32 minutes ago
European Market: Click here for opening call
European markets were expected to open in negative territory on Friday.
According to IG data, the UK’s FTSE 100 index fell nearly three points to 7,882, Germany’s DAX fell 17 points to 18,155, France’s CAC fell 18 points to 8,162 and Italy’s FTSE MIB fell 48 points. It is scheduled to start at 33,724.
Proceeds will come from UK-based JD Wetherspoon. The statistical announcements include German business sentiment for March and the Russian Central Bank’s interest rate decisions.
— Sam Meredith
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