In early 2023, some small companies have seen rapid increases in their stock prices after being mentioned in any kind of AI-related news. In January 2023, for example, BuzzFeed (BZFD) saw its stock price soar more than 85% the day after the publication of a news report about a partnership with OpenAI to develop an AI-powered article writer.
Is there an 'infinite market' for AI?
CEO Alex Karp went so far as to say there's an "infinite market" for the company's new AI solutions. Energy company BP used Palantir's software to slash its production costs at one facility by 60%. Meanwhile, drug makers like Novartis are working with Palantir to hasten their research and development pipelines.
Which Ai stock indexes are tracked by ETFs?
There are several AI stock indexes — like the Indxx Global Robotics & Artificial Intelligence Thematic Index and the Nasdaq CTA Artificial Intelligence & Robotics Index — which are tracked by ETFs.
