With the Consumer Electronics Show (CES) kicking off next month, tech companies from around the world are excited to showcase their latest products. Despite the many tech advancements that will be highlighted, generative AI is likely to be the one that takes center stage. Bob O’Donnell, TECHnalysis Research President and Chief Analyst, joins Yahoo Finance Live and shares what he expects to see at CES. Although there are going to be startups leaving their mark in audio and video applications, O’Donnell makes the case that the big tech companies are going to see the greatest earnings in 2024. The smaller companies are going to be financially challenged with building the foundation models that are essential for creating new and accurate AI systems, O’Donnell says, while companies like Microsoft (MSFT) and Amazon (AMZN) will be a case of the "big getting bigger." For more from this episode of NEXT: To see the full NEXT episode: Next in Tech: Why generative AI will explode in 2024, click here. To read more about AI from Yahoo Finance's Tech Editor Dan Howley, click here.
It's been just over a year since ChatGPT started to dominate headlines. The OpenAI platform introduced the world to generative AI, a type of AI that can be used in everyday functions. But what will 2024 bring? More AI. Bob O’Donnell, TECHnalysis Research President & Chief Analyst joins Yahoo Finance Live to discuss what the next wave of AI means for users, companies, and investors. Despite the craze over generative AI in the past year, O’Donnell says that not many people in the workforce have been directly using the applications, but that’s all going to change in the coming year. While everyday people are going to be using AI, businesses are going to see a greater impact than the average consumer, O’Donnell maintains. Nvidia (NVDA) has been the biggest name associated with AI, but "in 2024, we're going to see a ton of other semiconductor companies, obviously, be going after Nvidia. And the truth is, the market is looking for more competition,” O’Donnell says. In terms of semiconductors, O'Donnell points to announcements from Intel (INTC) and Advanced Micro Devices (AMD) and how those companies will be looking to bring their chips to the masses. He also explains how tech companies like Amazon (AMZN) and Microsoft (MSFT) are going to join the ring with Nvidia and Qualcomm (QCOM), pioneering the next generation of AI-processing software.For more episodes from our NEXT series, click here. To read more about AI from Yahoo Finance's Tech Editor Dan Howley, click here.
In this article, we will take a look at the 13 best tech stocks for long term investment. To skip our analysis of the tech industry and its recent trends, you can go directly to see the 5 Best Tech Stocks For Long Term Investment. Market experts and analysts alike have been baffled by the […]