AI could contribute $19.9 trillion to the world economy by 2030.
To put that into perspective, that’s nearly the size of China’s entire GDP today.
As AI continues to grow, investors will have massive opportunities. Its influence on the global economy is undeniable.
AI is in an arms race, and no Big Tech company wants to be left behind. If they fall too far behind, it will be impossible to make up for lost ground.
Alphabet’s CEO, Sundar Pichai, said, “The risk of under-investing is dramatically greater than the risk of over-investing.”
In fact, Alphabet, Microsoft, Amazon and Meta Platforms all said that the capital expenditure (capex) next year would be even higher.
Check out this chart:
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Bottom line: Companies are betting big on AI. And that’s great for investors.
It’s not a matter of if … but when.
So let me know — are you investing in AI? What stocks have you bought? Send me a message at Insider@ProsperityResearch.com.
Regards,
Charles Mizrahi
Founder, Alpha Investor
