These are the best ways to play GenAI as it disrupts new industries, according to RBC

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RBC Capital Markets is offering up some alternative ways to play artificial intelligence.

Semiconductor stocks and technology behemoths get all the acclaim when it comes to artificial intelligence, but RBC Capital Markets is offering up some alternate ways to play the theme. Demand for AI has launched the stock market toward new highs this year, boosting leading AI chipmaker Nvidia by nearly 155% this year and accelerating its market cap from $2 trillion to $3 trillion in a matter of months.

mountain Share performance in 2024 CrowdStrike is one example that should benefit from heightened security needs, including data protection. Shares of the provider have already rallied 52% this year. Adobe is one name cashing in on AI-fueled creativity and innovation. The company is already making strides, with its Firefly suite that harnesses AI to generate images . The tool could potentially alter digital advertising campaigns and offer great return on investment to users.

 

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