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Artificial intelligence (AI) is among the most promising investment themes in current times. While Nvidia (NVDA) might be the first name that comes to mind when we're talking about AI stocks, many other companies also stand to benefit from the growing adoption of generative AI.
FactSet scrolled through the earnings calls of all S&P 500 companies between Dec. 15 and March 14, and found that 179 of them used the term “AI” during their earnings calls. It was the second-highest instance of S&P 500 companies using this term during earnings calls; unsurprisingly, the highest was 181, during the Q2 2023 earnings season - when the AI euphoria was perhaps at its peak.