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Benzinga
Benzinga
Business
Piero Cingari

The Next Wave Of AI Winners? Investors Shift Focus Beyond Nvidia

artificial intelligence ai

The AI trade is entering a new phase. With mega-cap tech stocks facing valuation pressure and market volatility back in focus, Goldman Sachs says investors are beginning to shift their attention—from builders of AI infrastructure to companies quietly using AI to drive real productivity gains.

This pivot couldn't come at a more critical time. Third-quarter earnings of S&P 500 companies have blown past expectations, yet concerns are mounting around how long this momentum can last.

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