Investment bank Wedbush: Microsoft and AMD's performance soothes AI monetization concerns, investors should focus on industry leaders

According to the financial news app Zhitong Finance, investment bank Wedbush Securities stated that based on the performance of companies such as Microsoft (MSFT.US) and AMD (AMD.US), investors' concerns about the monetization of artificial intelligence by a few companies should be alleviated.

Analyst Dan Ives stated, "In the past few weeks, we have also seen enterprises and chief information officers accelerate their journey towards artificial intelligence strategy from our client/partner discussions, all of which boil down to the use cases and return on investment of these budgets."

Ives added that the performance of Microsoft and AMD "further reinforces the monetization phase of artificial intelligence." He urged investors to pay attention to statements from Apple (AAPL.US), Amazon (AMZN.US), Alphabet, ServiceNow, Palantir, and Microsoft, suggesting that they should consider these companies as "core barometers."

Ives explained, "Companies like Microsoft, Google, and Amazon have solid foundations in cloud computing, and in the next 12 to 18 months, more enterprises will embark on the path of cloud and artificial intelligence."

"We have seen the significant artificial intelligence capabilities of major software companies ServiceNow and Palantir, both of which are playing a role in the next stage of enterprise artificial intelligence deployment, further providing Wall Street with the artificial intelligence puzzle. In the front end, AMD is now at the forefront of the $1 trillion artificial intelligence market with continuously growing capital expenditures, and we expect that in the coming years, the 'AI father' NVIDIA will lead this trend."

NVIDIA is scheduled to release its quarterly earnings report on August 28th, with analysts generally expecting the company's revenue to be $28.54 billion and earnings per share to be $0.64