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6 hours ago
CNBC Pro: ‘$28 trillion opportunity’: Ark Invest reveals key AI efforts right now
As the buzz around artificial intelligence continues to rise, investors are trying to identify the best sectors to profit from.
Ark Invest’s Tasha Keeney is no exception.
Keeney, director of investment analysis and institutional strategy at the asset management firm, predicts that innovation will boost equity market capitalization to $220 trillion by the end of 2010, from $15 trillion to $20 trillion today.
“Most of it…what we’re predicting is actually due to AI,” she said, listing segments and three stocks that would benefit.
CNBC Pro subscribers can read more here.
— Amara Balakrishna
6 hours ago
CNBC Pro: The low-profile chip supplier to Nvidia is also benefiting from the AI boom, says fund manager.
Top-performing fund manager Stephanie Niven singled out semiconductor equipment stocks as potentially lesser-known companies that could benefit from the AI boom.
The stock has risen 89% in the past 12 months due to strong performance in AI semiconductors.
“This is a semiconductor equipment manufacturer, leaning into the AI supply chain,” Niven told CNBC’s Squawk Box Europe. “This is a business that decarbonizes the transition to AI to reduce errors and increase yield.”
CNBC Pro subscribers can read more here.
— Ganesh Rao
4 hours ago
European Market: Click here for opening call
European markets are set to open at Monday’s lows.
According to IG data, the UK’s FTSE 100 index is expected to open 25 points lower at 7,634, Germany’s DAX 75 points lower at 17,739, France’s CAC 30 points lower at 7,998 and Italy’s FTSE MIB. It is expected to open 118 points lower at 33,298.
There are no major revenue or data releases.
— Holly Ellyatt
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