AI is the new gold rush: the real winners won't be the ones you expect
We reveal the companies that stand to see the most upside from the AI boom. It’s an AI rush, and like the gold rush that occurred in the 19th century, those who are winning are not who you would expect.
In the mid-19th century, California was home to the gold rush. People from all over the world made their way to Northern California and the Sierra Nevada Mountains in search of their fortune.
History has shown that the financial winners of the gold rush were not necessarily those who discovered deposits on their plot, but rather those savvy entrepreneurs who sold the equipment, such as picks and shovels, to a massive, growing market.
There is a new ‘’rush” in California: AI. And many of those companies making their fortunes are not AI companies, but rather those that supply what the AI companies demand: Electricity.
For investors, this may be an opportunity. But first, let’s have a quick look at what happened in California in the 1800s.
Author's summary: AI boom creates new opportunities.
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