We recently compiled a list of 11 Trending AI Stocks on Latest News and Notes. In this article, we’ll take a look at where NVIDIA Corporation (NASDAQ:NVDA) stacks up against other trending AI stocks.
The extent to which AI technology could disrupt life as we know it in the coming years is still shrouded in mystery. However, many organizations have worked to quantify these changes to better understand the evolving business landscape. For example, the Tony Blair Institute for Global Change, a London-based non-profit group, recently released a report specifying that AI could eliminate between 1 and 3 million private sector jobs in the Kingdom alone -United in the years to come. However, the report also highlights that the increase in unemployment will only be in the hundreds of thousands, as technological growth also creates new roles. The nonprofit’s estimates suggest that at the peak of AI-driven disruption, between 60,000 and 275,000 jobs will be lost each year over about 20 years.
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This figure was placed in a broader context by the institute by highlighting that the average number of job losses in this European country over the last decade had been 450,000 per year. According to the report, the disruption caused by AI appears modest compared to these figures. The report further highlights that a common lesson is that AI has the potential to increase labor market dynamism by incentivizing more workers to leave their existing jobs and create new ones. The institute noted that administrative and secretarial jobs would be most exposed to new technologies, followed by sales and customer service, and banking and finance. The think tank’s research further claims that AI deployment could increase GDP by up to 1% over the next five years, and up to 6% by 2035.
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For this article, we selected AI stocks by combing through news articles, stock analyzes and press releases. These stocks are also popular among hedge funds.
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