Visible Alpha AI Monitor
highlights new themes and revised growth projections as the
dynamic, AI-exposed investment landscape maintains strong momentum
through 2024
NEW
YORK, Aug. 27, 2024 /PRNewswire/ -- S&P
Global Market Intelligence today unveiled a comprehensive
look into the current state and projected growth of the core
publicly-traded companies within the technology and AI industry in
the newest version of the Visible Alpha AI Monitor.
The AI Monitor includes consensus estimates across 66
publicly-traded U.S. technology companies. This data was aggregated
by leveraging detailed sell-side analyst estimates and analysis of
AI-exposed revenues, those revenue line items S&P Global Market
Intelligence analysts have identified as likely to see growth from
AI, to provide a snapshot of current and projected AI-related
revenues for each company. Recent updates to the
Monitor unveil key trends and themes as the closely-watched
second quarter earnings period wraps up, including:
- Optimism around AI-driven revenue growth continues:
AI-exposed revenues are projected to grow to nearly $780 billion at the end of 2025 (up from
$410B at the end of 2022). Across the
universe of companies the AI Monitor tracks, AI-exposed revenue
expectations increased a further $40
billion quarter-over-quarter.
- Dominant players vs. smaller incumbents: In 2023,
AI-exposed revenues accounted for 24.5% of total revenues among
monitored companies, with 82% coming from the ten largest firms.
Outside of the top 10, the remaining stocks have underperformed
target estimates year-to-date. In July, smaller companies showed a
general uptick in performance relative to the top 10.
- New additions: As more companies begin to generate
AI-exposed revenue and are added to the AI Monitor's universe, the
impact on the broader ecosystem remains to be seen.
"With the rapid advancements in AI, it's crucial for decision
makers to have a deep understanding of which companies are leading
the charge and how these developments are impacting financial
performance," said Melissa Otto,
Head of TMT Research at Visible Alpha. "With new players emerging,
new technology being deployed and broader shifts in the
macroeconomic landscape, we believe the AI Monitor serves as an
important tool to give investment professionals a holistic picture
of the publicly-traded AI space in the U.S."
By analyzing AI-exposed revenues, the tool helps analysts,
investment managers and corporate strategists pinpoint potential
growth areas within artificial intelligence–critical for assessing
AI's potential to transform into measurable growth. As AI's
consumer and enterprise use-cases expand, the Visible Alpha AI
Monitor will continue to track these developments helping
professionals to uncover new growth opportunities or emerging
leaders.
To request a copy of the Visible Alpha AI Monitor, please
contact press.mi@spglobal.com
S&P Global Market Intelligence's opinions, statements,
estimates, projections, quotes and credit-related and other
analyses are statements of opinion as of the date they are
expressed and not statements of fact or recommendations to
purchase, hold, or sell any securities or to make any investment
decisions, and do not address the suitability of any security, and
there is no obligation on S&P Global Market Intelligence to
update the foregoing or any other element of the
Property.
About S&P Global Market Intelligence
At
S&P Global Market Intelligence, we understand the importance of
accurate, deep and insightful information. Our team of experts
delivers unrivaled insights and leading data and technology
solutions, partnering with customers to expand their perspective,
operate with confidence, and make decisions with conviction.
S&P Global Market Intelligence is a division of S&P
Global (NYSE: SPGI). S&P Global is the world's foremost
provider of credit ratings, benchmarks, analytics and workflow
solutions in the global capital, commodity and automotive markets.
With every one of our offerings, we help many of the world's
leading organizations navigate the economic landscape so they can
plan for tomorrow, today. For more information, visit
www.spglobal.com/marketintelligence.
Media Contacts
Kate Smith
P. +1 781 301 9311
E. katherine.smith@spglobal.com
press.mi@spglobal.com
Bernardo Soriano for Visible
Alpha
P. +1 914-656-3880
E. bernardo@grergoryfca.com
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SOURCE S&P Global Market Intelligence