Tech outlook: AI has 'long road ahead,' strategist says

Описание: Chip stocks, such as Nvidia (NVDA), Advanced Micro Devices (AMD), and Intel (INTC), were mixed on Thursday, following a rally sparked by the Trump administration's announcement of the Stargate artificial intelligence (AI) data center project.
Rob Haworth, senior vice president and senior investment strategist at US Bank Asset Management, believes AI has a "long road ahead of it." Additionally, he tells Catalysts hosts Seana Smith and Madison Mills about opportunities for chip makers, utilities, and data centers with strong potential in energy needs for AI.
"The challenge here is artificial intelligence is really still in its early stages of its investment boom," Haworth explains. "This includes, in addition to just building the architecture itself, building out the energy needs and the energy supply needs to support this over the long run."
Haworth adds that "there's room to run" for significant growth surrounding AI despite the long process it will endure. He also notes that the utilities sector may not grow as quickly as tech, but it could still offer growth and diversification and benefit from AI’s broader economic impact.
#youtube #stocks #news

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

Get the latest news and data at finance.yahoo.com

Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

Follow Yahoo Finance on social:

X:   / yahoofinance  
Instagram: https://www.instagram.com/yahoofinanc...
TikTok: https://www.tiktok.com/@yahoofinance?...
Facebook:   / yahoofinance  
LinkedIn:   / yahoo-finance