Tech Giants Prepare for the AI Future

The demand for AI-powered applications is rapidly increasing, prompting large technology companies to invest in alternative energy solutions that meet the requirements of data centers. An example is Amazon, which has opted for projects with X-energy and Dominion Energy to build small modular reactors. These are intended to meet the intensive energy needs of data centers while paving the way for carbon neutrality by 2040. By transitioning to nuclear energy, Amazon plans to more effectively manage the increasing energy demands from AI and cloud services. Apple is also making progress in AI by introducing new features, including the integration of ChatGPT in iOS 18.1. These enhancements improve on-device tasks, from text generation to answering questions, and offer enhanced privacy through local data processing. With these innovations, Apple hopes to increase the appeal of the iPhone and gain a competitive edge in the smartphone market by encouraging users to upgrade their devices. The focus on AI-driven investments is also reflected in the priorities of hedge funds. The strategy presented in the quarterly newsletter, based on the top stock selections of leading hedge funds, has delivered impressive performance since May 2014, highlighting the attractiveness of these securities. In the area of wireless communication technologies, QUALCOMM recently received positive news from Bernstein. According to the investment advisory, Bernstein raised the stock's price target from $200 to $215, with a continued positive rating. The reason for this is strong QCT sales, particularly in the automotive and IoT sectors, as well as a promising forecast for the first quarter of 2025. These factors underscore QUALCOMM's commitment to innovation and growth.