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Top related persons:
Jonathan Atkin - 2 Wall - 1 workloads - 1 — CNBC's Michael Bloom - 1
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RBC - 2 RBC Capital Markets - 2 Microsoft - 2 Nvidia - 2 Oracle - 2 Companies - 1 Google - 1 NVIDIA - 1

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☆ RBC: These 19 stocks with an early lead in the AI revolution will continue to profit from rising demand in semiconductors, cloud computing, and more
  + stars: | 2023-08-10 | by ( Mark Reeth | ) www.businessinsider.com   time to read: +3 min
RBC identified the stocks profiting from AI today while positioning themselves for future success. 19 stocks profiting from rising AI demandA number of themes leapt out from earnings reports and calls with management, the RBC analysts wrote. Companies leading the charge in AI investments enjoyed strong second-quarter earnings, thanks in part to those very investments. But AI isn't just bringing money in — companies are also spending more on AI than ever, RBC noted. After poring through earnings announcements from AI-related companies, RBC analysts identified the following 19 stocks that they believe are benefiting most from AI demand right now.
Persons: Jonathan Atkin Organizations: RBC, RBC Capital Markets, Companies, Microsoft, Google, NVIDIA, NVIDIA's, Nvidia, Oracle
☆ These stocks had the biggest earnings surprises because of A.I.
  + stars: | 2023-08-08 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
As second-quarter earnings season winds down, RBC Capital Markets is looking back at some companies that experienced the biggest earnings surprises due to the latest technology trend transforming the globe. "Artificial Intelligence remains a key focus for many companies, with significant investments in AI technologies and services," wrote RBC analyst Jonathan Atkin. AI discussion dominated the earnings of companies across industries, including technology, with some companies posting strong quarterly surprises as a result of the trend. In its latest earnings, Amazon touted some of its AI plans, including custom AI chips and its Bedrock platform . Many Wall Street analysts have cheered the Facebook and Instagram parent's recent cost-cutting initiatives and AI investments, in addition to a rebound in its advertising business.
Persons: Jonathan Atkin, Wall, workloads, — CNBC's Michael Bloom Organizations: RBC Capital Markets, Nvidia, Apple, Microsoft, RBC, Amazon, Intel, Oracle
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