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3 May 2024 10:24
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  •   Home > News > Business

    Tech companies are proving the big winners from A-I's growing influence on the stock market

    Tech companies are proving the big winners from A-I's growing influence on the stock market


    Since the start of last year, investor interest in the technology is surging, from both companies utilising it, or from companies creating it.

    Nikko Asset Management's Will Low says there's been reappraisal to invest in companies, like Microsoft, Meta and Nvidia .

    He says the market is more differentiated, and investors aren't feeling the need to buy stocks that are just going up.

    Low says it's now down to if companies are delivering cash-flow profits on the back of A-I, or their underlying business models to justify the share price.

    © 2024 Newstalk ZB, NZCity

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