Artificial intelligence (AI) is a technology that copies how people think and process information, making it useful for companies in many innovative fields. AI chips process large amounts of data in emerging AI technology. As an essential component, companies involved in the design and manufacturing of AI chips are likely to benefit from the growth of AI development. In 2023, the AI sector attracted a lot of media coverage and investors. The potential size of the AI market is still unknown because we keep finding new ways to use AI technology. AI chip companies in this list are likely to benefit from the growing interest in the AI market.
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After Donald Trump won the usa presidential election, the 'number one contributor' Musk's Tesla company saw a sharp rise in its stock price this week, reaching a new high since 2022. Tesla's intraday high on Friday surged over 50% from its low point in late October. Investors are becoming increasingly optimistic that Tesla may benefit from Trump's return to the White House. Musk had previously stated that he would use his influence in the Trump administration to establish a federal approval process for autonomous cars.
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