Mayfair International Capital - Generative AI Drives 'The Next Supercycle Of Cloud Computing'

KOWLOON, Hong Kong - July 17, 2023 - PRLog -- According to a Wall Street expert, generative AI is also fueling a supercycle in cloud computing and AI companies.

"Gen-AI is driving the next supercycle of cloud adoption that will accelerate mass market migration over the next few years," Mizuho Securities analyst James Lee said in a client note Thursday.

Lee based his conclusion on a recent poll of chief information officers performed by his business. According to the report, key sales channel indicators have "accelerated across the board" owing to demand for generative AI.

From basic descriptive terms, generative AI may generate material such as written articles, photos, videos, and music. To generate new works, artificial intelligence systems collect and digest massive volumes of data. Generative AI is also capable of writing computer programming code.

Amazon Is Seen As The AI Stock Winner

Among AI stocks, Lee recommends Amazon (AMZN) for the second half of 2023. In addition, generative AI might cause an inflection in the company's Amazon Web Services in the third quarter, he added.

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