Business · Markets · 1 hr ago

Pivotal Advisors CEO Says Investors Should Keep AI in Their Portfolios

Pivotal Advisors CEO Says Investors Should Keep AI in Their Portfolios

Pivotal Advisors CEO Tiffany McGhee said investors should view AI as part of their portfolios.

She spoke after a sharp stock selloff last week.

McGhee said demand for AI remains strong, citing reports from large cloud-computing companies known as hyperscalers.

Those companies say demand is greater than supply, while their cloud growth is accelerating.

That suggests the recent market drop has not weakened demand for AI services, though the sources give no forecast for share prices.

McGhee made her comments on Bloomberg's The Close, before news emerged that Nvidia might oust CEO Jensen Huang.

The sources do not say what investors or Nvidia will do next.

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