The AI craze has dominated conversations on Wall Street in the first half of 2024, with chip-making giant Nvidia (NVDA) making significant gains. Envestnet co-chief investment officer Dana D’Auria joins Wealth! to give insight into which sectors investors should consider as markets head into the year’s second half.
D’Auria argues that the broadening out in artificial intelligence will materialize among companies that "support AI" needs: "Semiconductors, for example; equipment manufacturing that’s necessary for AI; energy, of course, has been a huge theme this year around AI and the expectation that we’re going to need massive amounts of energy to power this. So if you think about some of the international spaces where some of the stuff is made, and there may be not priced so stratospherically as what you’re seeing in cases here in the US, that’s one way to play it."
#youtube #AI #stockmarket
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