ASML Is Becoming the New "Pick-and-Shovel" Stock for the AI Era

In the artificial intelligence (AI) era, the companies striking gold are building and training AI models, integrating AI capabilities to enhance existing software (like Meta Platforms), and creating AI-powered data analytics (like Palantir Technologies).Companies that sell picks and shovels can be attractive investments because they benefit from demand for gold mining, rather than relying on a lucky strike to win big. And in AI, the pick-and-shovel players have often been superior investments to companies that are monetizing AI within their operations.For example, Nvidia, Broadcom, and Advanced Micro Devices make chips and associated infrastructure that are integral in data centers. Amazon Web Services, Microsoft, and Alphabet's Google Cloud are providing the computing power and storage necessary to train AI models and tools.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool