Benzinga
Published Dec 19, 2023 13:22
Updated Dec 19, 2023 14:40
Emerging AI Trends In 2024: BlackRock Sees Shift Beyond Semiconductors, Cloud To Model Infrastructure
Benzinga - by Surbhi Jain, .
BlackRock‘s (NYSE:BLK) Investment Institute’s 2024 Global Outlook highlights that AI opportunities in 2024 are expected to expand beyond 2023’s leading sectors, namely semiconductors and cloud computing.
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While BlackRock believes the advances in AI from here are likely to be “exponential,” the technology stack may offer a roadmap to assess investment opportunities.
Source: BlackRock Investment Institute 2024 Global Outlook
According to BlackRock, there’s a shift occurring up the technology stack. While AI Compute infrastructure stocks have shown significant outperformance in 2023, the focus is now shifting to AI Model infrastructure. Following this trend, AI Application software stocks are poised to be the next growth drivers in the sector.
“We are somewhere between the first and second layers, with the last one likely coming next,” said the report.
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