【2024 Review】Popular AI stocks experience a change! Software and utilities outperform semiconductors.

In 2024, $S&P 500 Index (.SPX.US)$They started at less than 4800 points and recorded an increase of over 28% to exceed 6000 points. $Dow Jones Industrial Average (.DJI.US)$And $Nasdaq Composite Index (.IXIC.US)$Each achieving an 18% and 33% increase, the three major US indices all set new historical highs.

Leading US AI advertising marketing companies, $Applovin (APP.US)$saw a 46% surge in stock price on the third quarter earnings report day in 2024, with a year-to-date stock price increase of 700%. According to the company's financial statements, sales of the software platform including the AppDiscovery ad engine powered by AI recommendation engine AXON reached $800,350,000, showing a 66% increase from the previous year.

The rise of AppLovin is not exceptional, $Shopify (SHOP.US)$ 、 $Duolingo (DUOL.US)$ 、 $Palantir (PLTR.US)$ 、 $Salesforce (CRM.US)$Other related stocks, including others, have achieved remarkable growth since the beginning of the year. The logic of AI software has been effectively reflected in AI-driven performance.

$Applovin (APP.US)$The commercialization of AI advertising has been confirmed by the demonstration of strong performance led by Koss Corp. From the logic of industrial development, hardware companies are accelerating the implementation of AI models and applications, and the widespread adoption of these applications is expected to bring about new demand for hardware in return. With the introduction of B card, optimization of inferences, and model optimization, inference costs are expected to be significantly reduced, making it gradually possible to realize the widespread adoption of various forms of AI applications.