Forget Chipmakers, JPMorgan Says AI Users Will Be the Next Big Winners

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The recent surge in share prices of companies like Nvidia Corp., which recently reached a $3 trillion market capitalization, and Super Micro Computer Inc., the S&P 500 Index’s top performer this year, highlights the growing investor excitement for AI. However, many investors are now exploring alternative ways to capitalize on AI’s potential. JPMorgan has noted that some trading clients are investing in commodities, predicting that the infrastructure necessary for AI will increase demand for energy and equipment.

Apple Inc. shares hit a record high earlier this week after the company introduced new AI features. JPMorgan’s CEO Jamie Dimon has also highlighted AI’s vast potential for the banking sector, particularly in areas such as risk management, fraud detection, marketing, and customer relations.

Mirjam Staub-Bisang, who leads BlackRock Inc.’s business in Switzerland, underscored the importance of investing in companies with strong balance sheets and sufficient cash reserves to fund technological innovations. She noted that such investments made today could yield significant benefits in the future, as these companies are well-positioned to sustain and capitalize on technological advancements.