From Nasdaq: 2024-06-07 07:15:00

The U.S. stock market, particularly the Nasdaq Composite index, has been soaring despite economic challenges, with a 43% gain in 2023 driven by AI. Nvidia, a major beneficiary of the AI boom, has seen a 427% rise in data center revenue. Meta Platforms, with 3.24 billion daily users, uses AI to drive engagement and ad revenue.

Nvidia’s cutting-edge technology and software ecosystem have driven a massive surge in data center revenue, making it a top player in the AI market. With high demand for AI computing platforms and new chips hitting the market, Nvidia is in a prime position to capitalize on the growing AI opportunities in 2024.

Meta Platforms’ AI-driven approach to personalized content and advertising has translated into increased ad impressions and revenue growth. By leveraging advanced AI technologies across its social media platforms, Meta can continue dominating the digital advertising market. Despite higher expenses, Meta’s long-term prospects remain strong in the AI-driven digital space.



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