All eyes are on Nvidia, the "fallen giant" this year "quietly" turned around
The market frenzy for artificial intelligence has supported the take-off of U.S. technology stocks, and Cathie Wood's flagship fund, known for betting on "disruptive innovation," liquidated its stake in $NVIDIA(NVDA.US$ in early January, missing out on a $560 billion rally.
But the liquidation of Nvidia does not mean that Cathie has abandoned the AI track, and has set her sights on the software side of AI, as she expressed her preference for $Meta Platforms(META.US$ in her latest remarks.
Cathie Wood said Meta's LLaMA large language model can use less computing power and more data to deliver better models. In fact, Meta is riding the wave of AI boom, and its share price has doubled so far this year, "quietly" turning around from last year's quagmire.
Cathie Wood said Meta's LLaMA large language model can use less computing power and more data to deliver better models. In fact, Meta is riding the wave of AI boom, and its share price has doubled so far this year, "quietly" turning around from last year's quagmire.
Meta is now going all out with AI, and for its advertising business, Meta said it will launch an AI tool for generating ad images to help the company create different images for different audiences.
In February, Meta announced that it would form a top product development team to focus on generative AI products and launch its big language model LLaMa.
At the same time, Meta is also going All in on its own AI chip.
In addition, as a social media giant reaching over 3.8 billion users per month through Facebook, Messenger, Instagram and WhatsApp, Meta may challenge $Twitter (Delisted)(TWTR.US$ in the near future.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
