Published on 17 Jan 2025 on Benzinga
Sector Crosscurrents Drive Potential Opportunities In Direxion's Tech Bull And...
Thanks to profound advancements such as artificial intelligence and cloud computing, leading tech enterprises such as Nvidia Corp NVDA, Microsoft Corp MSFT and Broadcom Inc AVGO have witnessed remarkable growth in recent years. Even better for their proponents, evidence exists that the northbound ride may continue unabated.
Broadly speaking, innovations such as generative AI can spark a radical acceleration in productivity. Last year, a report by Cognizant Impact revealed that machine intelligence could boost the U.S. economy to the tune of $1 trillion within the next ten years. Granted, this development entails significant social upheaval. Nevertheless, AI could propel a new phase of unprecedented growth.