Artificial intelligence has been the talk of the market all year and for good reason. Demand for chips is growing like crazy and new products are coming out almost daily. But one of the biggest AI companies, Microsoft (NASDAQ: MSFT), is cutting back on chip spending, which may be a sign of slowing demand. Travis Hoium covers the trends in this video.
*Stock prices used were end-of-day prices of Sept. 20, 2023. The video was published on Sept. 22, 2023.
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Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Microsoft, and Nvidia. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
