“Exactly two years ago, the frenzy for artificial intelligence has taken hold on the global share markets, imprinting new impulse to the technological sector and fueling the enthusiasm of the market for those US companies called ‘Magnificent seven'”. This is what emerges from the analysis of Kevin Thozetmember of the Investment Committee of Carmignac.
The three factors that pushed the IA on the markets
A triad of factors guided this clamor by investors. First, the demand for a formidable calculation power. Secondly, Just a handful of companies It is able to provide this calculation power. Finally, these companies rely on a GPU graphics card produced exclusively by Nvidia. This exceptional situation has led to a upward revision of 300% of the growth prospects of Nvidia (Black curve in the graph), with a prediction of turnover of the company intended to double over two years and triple in five years.
New investment possibilities
The prospects for companies in the sector less directly involved in the supply of components for this new gold race (calculation power) are stalled. The emergence of new actors could now upset the status quo. Deepseek and Mistral ai they received considerable attention from the media because of their very reduced costs, but also other lesser known names, such as QWen 2.5 of the Chinese company Alibaba and of the Canadian society Coherecould earn relevance. Investment possibilities in these new operators could be opened, but also for historical actors, change represents good news.
Greater increase in productivity linked to the AI
There cost reduction of development of new artificial intelligence models translates into an increase in adoption rates in future perspective, and therefore in a major Increase in productivity linked to the AI. Since only 25% -35% of companies use artificial intelligence, there is actually a remarkable margin of improvement in the event of a drop in prices. This possible extension of artificial intelligence a a wider userOn the other hand, it guarantees the solidity of the calculation power demand for the benefit of many actors, both consolidated and new.
Is it possible that the IA becomes as a commodity?
“It is worth asking this question, since this change would undoubtedly have a significant impact on the relative assessments of artificial intelligence producers compared to users and IA applicants. At the same time, the “Deepseek moment”, who showed the possibility of A cheaper and less energivor artificial intelligencea, – concludes Thozet – may have changed the perception of US hegemony of the AI in the face of the absence of foreign competition, and contributed to making the Chinese technological sector attractive again for investments. The developments in the context of artificial intelligence and the perception of the latter have potentially large -scale effects on the future profitability of our investments. Let’s try to be smart! “
