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Home » Bill Gates says AI is the first “limitless” technology. 3 American values ​​to benefit from
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Bill Gates says AI is the first “limitless” technology. 3 American values ​​to benefit from

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Microsoft co-founder Bill Gates knows well the transformative power of technology: he played a crucial role in making personal computing accessible to millions of people through his company’s software. And as Microsoft helped bring computers into homes and businesses, transforming industries at every level, it also led it to one of the richest people in the world.

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Now, Gates has identified something he believes could have an even bigger impact: artificial intelligence.

During a recent appearance On “The Late Show with Stephen Colbert,” Gates made a bold statement about AI, saying, “It’s the first technology that has no limits. »

Gates explained how AI stands out from previous inventions, saying: “When you invent a tractor or even a cell phone, you kind of understand how it’s going to change life. Here, where AI is very intelligent, and when put into robotic form, it can do many blue-collar and white-collar jobs. He added that AI has the potential to do “really good” things, like providing personal tutoring to children and improving access to healthcare.

As AI continues to transform industries, businesses are increasingly adopting AI-based solutions to improve efficiency and innovation. For investors, this represents an exciting opportunity. Here’s a look at three AI stocks positioned to benefit from this transformative shift: Wall Street already sees major upside potential for this trio.

For many, the recent surge of interest around AI was sparked by the release of ChatGPT in late 2022, and Gates shares a similar experience.

“Two years ago, when I first saw this GPT Cat, it was pretty mind-blowing, because it happened all of a sudden,” Gates told Colbert.

He expressed amazement at ChatGPT’s ability to learn from large amounts of information and provide 24/7 support, comparing it to “your 24/7 mental health counselor.” » or to a personal tutor offering instant feedback.

While OpenAI, the company behind ChatGPT, remains private, Microsoft – the very company Gates co-founded – has invested nearly $14 billion in it. According to The Wall Street Journalthe two companies “face off in a high-stakes negotiation” over how much equity Microsoft should have when OpenAI becomes a for-profit company. “In addition to determining how much of the restructured artificial intelligence company Microsoft will own, both parties need to determine what governance rights it will have,” the report said.

Learn more: Young, wealthy Americans are abandoning the tumultuous stock market — here are the alternative assets they are banking on instead

This close relationship makes Microsoft a name to watch for AI-focused investors. Beyond its financial ties, Microsoft leverages OpenAI technologies on its own platforms, such as Azure and Microsoft 365, positioning itself at the forefront of integrating AI into everyday business solutions.

Goldman Sachs analyst Kash Rangan has a “Buy” rating on Microsoft and a $500 price target, implying a potential upside of 21%.

Nvidia has become one of the most successful players in the stock market. Shares are up nearly 200% in 2024 and are up 2,680.23% over the past five years.

Investors’ insatiable appetite for AI has helped fuel this boom. Nvidia is a leading supplier of graphics processing units (GPUs) that power much of the AI ​​industry. Its GPUs are essential for training and running large-scale AI models, including those used by OpenAI’s ChatGPT and other advanced machine learning applications. As demand for AI continues to accelerate in industries such as healthcare, automotive and cloud computing, Nvidia is well-positioned to take advantage of this development.

In the fiscal quarter ending July 28, Nvidia reported a record quarterly revenue of $30.0 billion, an increase of 122% year-over-year. Founder and CEO Jensen Huang highlighted the revolutionary potential of AI, saying: “Generative AI will revolutionize every industry.”

Wells Fargo analyst Aaron Rakers has an “overweight” rating on Nvidia with a price target of $165, or 16% above current levels.

In 2019, Microsoft CTO Kevin Scott sent an email to Bill Gates and CEO Satya Nadella, saying he was “very, very concerned” about Google’s growing AI capabilities. The same year, Microsoft made a crucial investment in OpenAI.

So it’s no surprise that Google’s parent company, Alphabet, is also a name to watch in the AI ​​space.

Google has been at the forefront of AI research and development with initiatives like DeepMind, one of the world’s leading AI labs, responsible for advancements like AlphaGo and AlphaFold.

Its latest innovation is Gemini, a next-generation large language model (LLM) designed to rival OpenAI’s Chat GPT. Gemini improves on Google’s previous LLMs, providing more complex reasoning, better understanding of context, and enhanced problem-solving capabilities. It is expected to power a wide range of applications, from search and cloud services to personalized content and enterprise solutions, making Google a key player in the future of generative AI.

Google is also integrating AI into its flagship products. During the latest earnings conference call, CEO Sundar Pichai noted that “all six of our products with over 2 billion monthly users are now using Gemini.” Additionally, over 1.5 million developers use Gemini in Google’s developer tools.

BofA Securities analyst Justin Post has a “Buy” rating on Alphabet and a price target of $206, about 25% above the stock’s current price.

This article provides information only and should not be considered advice. It is provided without warranty of any kind.

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