Nvidia’s Surge Sharpens Focus on Hunt for AI Losers
- An index of stocks vulnerable to AI has sharply lagged in 2023
- AI optimism has fueled gains in stocks like Nvidia, Microsoft
Nvidia’s premarket stock gains have put its market value within touching distance of $1 trillion.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Nvidia Corp.’s blowout sales forecast puts a fresh emphasis on the latest game in town: identifying artificial intelligence losers.
While traders scramble to find companies best positioned to capitalize on the rapid proliferation of AI tools, they’re also seeking out those most at risk of losing business to generative applications like OpenAI’s ChatGP. Lists of these have been doing the rounds on trading desks recently, while an index created by Bank of America Corp. tracks 27 companies that could be vulnerable.