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AI Boom Spurs Search For New Winners Beyond Nvidia: Bloomberg

Investors are expanding their AI horizons beyond Nvidia (NASDAQ: NVDA) after its stellar results. AI's growth impacts more than just chipmakers; sectors like electrical components (Amphenol Corp.), data centers, utilities, and power grid companies are also benefiting. Goldman Sachs highlights diversified AI investments, with companies like Littelfuse Inc. and AES Corp. gaining traction. AI-exposed stocks have surged this year, reflecting robust demand and market interest.

AES

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AI-Driven Rally Set To Expand To Power, Commodities, Utilities: ‘It’s Not Just About Nvidia Anymore’

Nvidia prepares for Q1 2024 earnings, with EPS expected to be 5x higher than last year and revenue projected to be 3x higher. AI-driven gains extend beyond chipmaking to power, commodities, and utilities, with Nvidia's market cap increasing by $1.5 trillion since Q1 2023.

CEG