Chip Stocks Are the Best Way to Play AI This Year. Here’s Why.

This year is set to be another big one for artificial intelligence after the technology’s hype drove the tech stock rally in 2023. UBS analysts are backing the sector, and are boosting their revenue estimate for the AI industry by 40%. The analysts, led by Sundeep Gantori, now expect the AI industry to generate $420 billion in revenue in 2027, up from $300 billion previously.