Gabelli Funds highlights the AI stocks to buy as craze continues

Gabelli Funds highlights the AI stocks to buy as craze continues

The trillion-dollar investment cycle into generative artificial intelligence is only just beginning, and is already starting to pay off, according to John Belton, portfolio manager at Gabelli Funds. Tech companies are set to invest roughly $1 trillion in capital expenditures into AI infrastructure over the coming years, causing some investors to worry the businesses may…

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We’re upgrading Eaton as shares of the industrial AI winner fall on earnings

We’re upgrading Eaton as shares of the industrial AI winner fall on earnings

Electrical equipment supplier Eaton , whose products are essential to AI data centers, on Tuesday reported a solid second quarter and raised its full-year outlook. Nevertheless, the stock tumbled in response because the positive results fell short of the sky-high bar that Wall Street had set. Adjusted earnings per share for the second quarter ended…

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