The artificial intelligence boom is reshaping the investment landscape, with the once-dominant 'Magnificent Seven' stocks like Apple and Amazon now seeing their AI leadership challenged. Companies such as Broadcom, Oracle, and Palantir are emerging as new contenders, driven by their specialized hardware, cloud infrastructure, and data analytics capabilities. While Nvidia and Microsoft continue to show strength, the broader market is recognizing new AI leaders. This expansion of the AI trade is also fueling a resurgence of live events in San Francisco and creating significant energy demands in Texas, straining power providers. In education, the University of Portland has launched a new AI minor to equip students with foundational knowledge beyond current trends like ChatGPT. However, concerns persist regarding AI's impact on critical thinking in schools and its potential to replace humans, as voiced by Father James Lentini, who warns against AI's ambition to mimic divine creativity. In medicine, AI is proving to be a key partner in oncology, assisting clinicians in managing vast amounts of data to improve cancer care and treatment decisions. Meanwhile, the startup world is seeing 'tiny teams' leverage AI for unprecedented efficiency and scale, though the use of AI in research citations raises concerns about accuracy and the integrity of information, leading to calls for greater editorial rigor.
Key Takeaways
- The AI investment trade is expanding beyond the original 'Magnificent Seven' stocks, with companies like Broadcom, Oracle, and Palantir gaining prominence.
- While Nvidia and Microsoft remain strong AI performers, Apple and Amazon are seen as lagging in the current AI boom.
- The growth of AI is driving a revival of live and futuristic events in San Francisco.
- Texas is experiencing significant strain on its energy resources due to the high demand from AI data centers.
- Concerns are rising about AI's potential to diminish critical thinking and creativity in students using AI in education.
- Father James Lentini expresses strong reservations about AI, viewing it as a technology designed to replace humans and warning against its ambition to mimic God.
- AI is becoming an essential tool in oncology, helping clinicians manage medical data for better cancer care and treatment decisions.
- Small startup teams are leveraging AI tools to achieve significant scale and efficiency, operating with the productivity of larger organizations.
- The use of AI in generating research citations is creating challenges for fact-checking and verifying information.
- The University of Portland has launched a new AI minor to provide students with foundational knowledge of AI techniques beyond current applications like ChatGPT.
AI trade expands beyond Magnificent Seven stocks
The Magnificent Seven stocks, including Apple, Amazon, Nvidia, Microsoft, Meta, Alphabet, and Tesla, once dominated the AI boom. However, the AI trade is now expanding to include new companies like Oracle, Broadcom, and Palantir. While some of the original seven, like Nvidia and Microsoft, are still strong performers, others like Apple and Tesla are lagging. This shift indicates that investors may need to look beyond the most well-known tech giants to find the next leaders in the AI sector. New indexes are being created to reflect this broader range of AI-focused companies.
Wall Street eyes new AI leaders beyond the Magnificent Seven
The Magnificent Seven stocks, which led the artificial intelligence boom, may no longer fully represent the AI market. Companies like Broadcom, Oracle, and Palantir are emerging as key players due to their strong performance and relevance in the AI sector. While Apple is seen as lagging in AI development and Tesla faces slowing electric vehicle demand, these new companies are gaining traction. This suggests a potential shift in market leadership as the AI trade diversifies beyond the original big tech group.
New AI leaders emerge as trade expands beyond Magnificent Seven
The Magnificent Seven stocks, which previously dominated the AI boom, are now facing new competition. Companies like Broadcom, Oracle, and Palantir are becoming increasingly important in the AI sector due to their specialized hardware, cloud infrastructure, and data analytics capabilities. While some of the original Magnificent Seven, such as Apple and Tesla, are facing challenges, these new players are showing strong growth. This indicates a broadening of the AI market and a potential recalibration of leadership.
Magnificent Seven's AI dominance wanes as trade expands
The Magnificent Seven stocks, once the sole leaders of the AI boom, are now seeing their influence spread beyond Big Tech. Companies like Oracle and Palantir have seen significant stock surges due to their AI-related services and software demand. While Nvidia, Microsoft, Alphabet, and Meta are still performing well, Apple and Amazon are trailing, and Tesla faces challenges in the EV market. Wall Street is proposing new groups of stocks to capture the expanding AI trade, recognizing that new winners are emerging as the technology evolves.
AI fuels resurgence of live events in San Francisco
The artificial intelligence boom has sparked a revival of live and futuristic events in San Francisco. This trend highlights the growing impact of AI on various aspects of society, from technology and business to cultural events. The city is experiencing a surge in innovative gatherings and experiences driven by advancements in AI.
Father Lentini warns against AI's potential to replace humans
Father James Lentini expresses strong reservations about artificial intelligence, viewing it as a technology designed to replace humans rather than assist them. He cites personal experiences where AI provided incorrect information about church history and recounts a lawyer being fined for using AI that fabricated court cases. Lentini believes AI's ambition to mimic human intelligence and decision-making capabilities mirrors a dangerous attempt to be like God, drawing parallels to the biblical Tower of Babel. He advocates for disabling AI where possible, emphasizing the importance of human dignity and God's unique creative power.
AI in schools raises concerns about critical thinking
The increasing use of artificial intelligence in education is raising concerns about its impact on students' critical thinking and creativity. While AI can be a helpful grammar tool, overreliance on it for decision-making may diminish students' ability to think independently and form well-reasoned opinions. Experts and parents are discussing the challenges of integrating AI into K-12 education, emphasizing the need for proper regulation and oversight to ensure students develop essential cognitive skills. The article also touches on the impact of screens on infants and toddlers, highlighting that learning is best achieved through human interaction.
AI becomes key partner in oncology for better cancer care
Artificial intelligence (AI) is becoming an essential tool in oncology, helping clinicians manage the overwhelming amount of new medical knowledge. Dr. Brian P. Mulherin explains that AI can process vast amounts of data, including complex clinical guidelines, to provide insights at the point of care. AI tools can help identify patients who need specific biomarker testing, such as for advanced non-small cell lung cancer, leading to improved treatment decisions. While AI is still evolving in medicine, it works alongside physicians to enhance care quality, ensure equitable access, and support future research.
AI boom strains energy resources in Texas
The rapid growth of artificial intelligence is creating a significant demand for energy, particularly in Texas, where numerous data centers are being built. This surge in AI-driven energy needs is straining power providers and raising concerns about whether current energy supplies can meet the demand. While Texas has abundant energy resources, the sheer scale of AI projects may necessitate increased reliance on fossil fuels, despite environmental implications. This situation highlights the challenges of balancing technological advancement with sustainable energy solutions.
Tiny teams leverage AI for startup success
The era of 'tiny teams' is emerging in the startup world, where small groups of employees are using artificial intelligence to achieve significant scale and efficiency. Companies with fewer than ten people are leveraging AI tools for tasks ranging from coding and bug diagnosis to content creation and customer support. This allows them to operate with the productivity of much larger organizations. While working on these lean teams can be intense, the integration of AI provides a competitive advantage and empowers individuals to play a crucial role in the company's growth.
AI citations create research rabbit holes
The use of artificial intelligence in generating citations for research reports presents a significant challenge, creating 'rabbit holes' for fact-checkers. While AI can produce seemingly robust references, tracing these citations often leads to unreliable sources or vague attributions. This makes it difficult to verify information and distinguish between human and machine-generated content. The article emphasizes the need for increased editorial rigor and ethical reflection to maintain the integrity of thought leadership in the age of AI, urging a slower, more deliberate approach to content creation.
University of Portland launches new AI minor
The University of Portland's Shiley School of Engineering has introduced a new minor in artificial intelligence (AI) to help students understand the technology behind everyday AI applications. The minor goes beyond current trends like ChatGPT, delving into foundational AI techniques such as model building and probability theory. It is open to all students, regardless of their major, and is designed to complement various fields. The curriculum emphasizes AI models based on decades of research, preparing students for a future where AI is increasingly integrated into different industries.
Sources
- Magnificent 7 Is Passe. This Group of AI Stocks Can Replace It
- Wall Street eyes new leaders beyond the Magnificent Seven as AI trade expands
- Wall Street eyes new leaders beyond the Magnificent Seven as AI trade expands (MU:NASDAQ)
- Wall Street’s Magnificent Seven is losing its hold as AI trade expands beyond Big Tech
- The New York Times
- Know-it-all artificial intelligence aims to take over for us, but can never have a relationship with God - Father James Lentini
- Opinion | A.I. in School: What It Can and Can’t Do
- From Overload to Insight: Why AI Is Becoming an Essential Partner in Oncology
- The AI boom is confronting an inconvenient truth about energy needs
- The Tiny Team era is here
- With AI Citations, Each Reference Is A Rabbit Hole: My Reckoning
- Meet one of UP’s newest minors: Artificial intelligence