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AI is everywhere in the product. But revenue growth is decelerating, from 16% to 13% to 12% guided. The productivity benefits are arriving for users and end-consumers of AI, though it's not hitting the income statement (at least yet) for most companies.
AI beneficiaries, especially semiconductor stocks, have sharply corrected, creating rare buy-the-dip opportunities as panic and leverage unwinding shake out euphoria. Despite fears over enterprise AI budgets and global margin calls, AI revenue growth now exceeds capex costs, signaling improved economics and sustainability.
AI could crush many capital-light tech stocks. Real assets may become the safer hiding place.
Artificial intelligence has been one of the predominant forces moving markets over the past several years.
Your feed is full of Arista Networks screenshots. Green candles, giddy captions, someone's cousin bragging about a 40% run.
The VanEck Semiconductor ETF (SMH) provides exposure to a sector that's driving the infrastructure build-out. The Global X Artificial Intelligence & Technology ETF (AIQ) offers more diversified exposure beyond core chip stocks.
The Russell 2000 has now lagged the broader market for many years. Small-cap stocks tend to perform well during periods of lower interest rates and economic expansion.
Things are certainly changing over at Wedbush headquarters. On Wednesday, July 1, Wedbush announced that Dan Ives — the firm's Global Head of Technology Research — has left the company to begin a new venture.