Billionaire Daniel Loeb Compares the Dawn of Artificial Intelligence (AI) to the Introduction of the PC and the Internet. 3 No-Brainer AI Stocks to Buy Now.

In December, Wall Street ended its worst year since the Great Recession of 2008. The debut of ChatGPT late last year showcased the wide-ranging potential of generative AI, which has since acted as a big catalyst to drive the market higher. While many stocks could benefit from the AI arms race, Loeb highlights three stocks he calls "picks and shovels" in his second-quarter letter to investors earlier this month.