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News  ›  The Motley Fool

Why AI Won't Create a New Batch of Tech Giants -- It Will Cement the Old Ones

The Motley Fool Logo The Motley Fool By Justin Pope
Why AI Won't Create a New Batch of Tech Giants -- It Will Cement the Old Ones

The AI revolution is likely to strengthen existing tech giants rather than create new ones, with the 'Magnificent Seven' companies dominating AI infrastructure, hardware, and consumer applications due to their established market positions and resources.

Insights
META   positive

Strong AI-driven advertising performance, potential to extend 30% year-to-date gains with robust ad revenue growth


AMZN   positive

Dominates cloud computing market and developing AI-related technologies like robotics