This gives room for sustained dividend payouts and possible share repurchases. The data comes on the heels of the third quarter earnings season which is also seeing a paradigm shift for the AI industry. So far, investors have been focused on one AI company, the Santa Clara, California-based AI GPU designer whose shares are up 193% year to date. Yet, now, Wall Street is also interested in Phase 2 AI companies. These companies, according to investment bank Goldman Sachs, are those that provide AI infrastructure such as servers, semiconductor companies apart from the GPU designer, and utilities that will power up the gigawatt AI data centers that Silicon Valley has in mind for its AI models. For a detailed view of the latest in the AI industry, you can read Goldman Sachs’ Best Phase 2 AI Stocks: Top 24 High Conviction AI Stocks . Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. Technical charts highlight a golden cross forming on the 50-day and 200-day moving averages.
