The rising demand for generative artificial intelligence has led to a surge in shares of many AI-linked companies like chipmaker Nvidia and ChatGPT backer Microsoft . Now, RBC Capital Markets has identified three lesser-known companies poised to cash in on the AI boom in a big way.
The consensus price target also points to a 9.5% upside, according to FactSet. nVent The electrical component maker is also set to benefit from surging demand for its liquid cooling systems and power distribution units — products critical for supporting AI hardware, according to RBC. The investment bank pointed out that over 40% of nVent's data center division's revenue growth this year is expected to come from liquid cooling and PDU.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Phillies are replacing Dollar Dog Nights after 27 seasons with a buy-one, get-one promotionThe Phillies say “last year was the tipping point” to change their popular promotion after crowds threw hot dogs and clogged concourses waiting in line.
Source: PhillyInquirer - 🏆 81. / 68 Read more »
One killed, one injured in shooting after large teen gathering in Chicago's South LoopOne killed, one injured in shooting after large teen gathering in Chicago's South Loop
Source: cbschicago - 🏆 546. / 51 Read more »
One dead, one in custody after shooting on I-94 early WednesdayA Chesterton man is dead and another man is in custody after a road-rage incident early Wednesday morning on Interstate 94.
Source: ChicagoBreaking - 🏆 521. / 51 Read more »
Shooting on Tucson's Southside leaves one woman dead, one man injured22-year-old Daniza Ferrales Sanchez was killed and an unidentified man was injured after being shot near East Benson Highway and South Bonney Avenue.
Source: kgun9 - 🏆 584. / 51 Read more »
One Underrated Anime Does Vampire Romance Right With One Genius IdeaAll the latest movie news, movie trailers & reviews - and the same for TV, too.
Source: screenrant - 🏆 7. / 94 Read more »
Valpo police investigate Friday shooting; one injured, one questionedOne person was injured after a Friday afternoon shooting and another was taken in for questioning, according to Valparaiso Police.
Source: chicagotribune - 🏆 8. / 91 Read more »