Playing EV & AI Boom
Significance of AI in Today’s World
Why are the artificial intelligence (AI) and electric vehicle (EV) sectors generating immense optimism, evolving into sunrise sectors, as governments prioritise them through various initiatives while leading companies are leaving no stone unturned in their pursuit to align with prevailing technology trends, positioning themselves to reap the benefits of this global movement? Mandar Wagh and Kamal Mansuriya shed light on the driving forces propelling this optimism and offer insights into how individuals can capitalise on these developments to their benefit
A majority of global stock indices have staged a robust comeback following their earlier setbacks caused by the impacts of the corona virus pandemic and the war between Russia and Ukraine. During 2022, the Nasdaq Composite index faced a significant decline, plummeting by over 33 per cent. However, it has since made a remarkable rebound, soaring by around 25 per cent year-to-date, leaving investors pleasantly surprised. The robust upswing was primarily attributed to heavyweight companies such as Apple Inc., Microsoft Inc., Amazon.com Inc., NVIDIA Corporation, Meta Platforms Inc. and Alphabet Inc. All these companies have been capitalising on the prevailing optimism surrounding the artificial intelligence (AI) industry.
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