Sure thing, here you go:
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So here’s a wild thought. You know how everyone’s yammering about AI this and AI that? (Seriously, can’t even grab coffee without hearing the latest buzz.) Well, apparently we’re at the start of this monstrous wave where tech giants throw a trillion bucks into AI just to see what sticks. This investment thing is like… ongoing, and John Belton from Gabelli Funds is all excited about it, nodding sagely at conferences like he has insider info. No clue why I find this amusing.
Right, so the big names – Google, Amazon, Meta, Microsoft – are about to splurge $320 billion on AI by 2025. It’s like they’re playing Monopoly but with infinity money. What’s hilarious, or perhaps a bit scary, is that while some investors are saying, “Hey, isn’t this a bit much?” others are like kids in a candy store, all giddy because, apparently, they’re starting to see some rewards. Belton, during a chat (or was it more of a sermon?) at the Morningstar Investment Conference, pointed out that we’re just now hitting this wild part of the whole AI adoption rollercoaster – like two and a half years post-ChatGPT and we’re on the upswing. He mentioned some “S-curve” thing. I’m guessing it’s good news for those who like their stocks steeply rising.
Gabelli Growth Fund – they’re heavy on Microsoft, Nvidia, Amazon – and it seems they’re cruising at the top like some kind of smug valedictorian, outperforming most. But let’s not digress. Belton is all optimistic about AI because, hey, costs are dropping while its skills are leveling up faster than my inability to keep up with the latest tech gadgets. AI is wowing in areas where people once took the crown, like reading and math. It’s kind of humbling, really.
Picture this: Businesses bring AI onboard as if it were a new employee of the month. It slashes supply chain costs and boosts marketing magic. Meta’s already milking AI for targeted ads, and folks at Alphabet and Microsoft mention AI’s gobbling up data like candy, shifting the role of software engineers. Honestly, who’s writing this narrative?
The real kicker? We’re just uncovering new AI perks. Autonomous vehicles, drug discovery – it’s all on the table. Companies like ServiceNow, Broadcom, GE Vernova, and Applied Materials are getting the AI glow-up, Belton says. ServiceNow’s doing promising stuff with tech that may soon automate everything. Broadcom had a swell year too – all thanks to AI fever, I assume.
There’s this chaotic beauty in watching how businesses adapt to AI. Like, sure, it’s serious investment talk, but sometimes you just have to sit back and see where the chips fall in this crazy tech casino.
