The transformative power of artificial intelligence (AI) is undeniable. A recent McKinsey & Company research report estimates generative AI alone could add $2.6 trillion to $4.4 trillion in annual value across analyzed use cases -- comparable to the United Kingdom's entire gross domestic product.

AT&T (T) dropped its fourth-quarter earnings on Jan. 27, propelling its stock to new 52-week highs. Shares climbed 6.25% in the day’s trading session after the company exceeded Wall Street expectations and announced plans for substantial investments in artificial intelligence (AI).

The growing use of AI in health care settings has some states searching for guardrails. (Scripps News)

As mentioned, Qualcomm's chipsets have long led the chipset market. As the 5G upgrade cycle has cooled, the company has pivoted to designing AI-enabled chips. To that end, it has developed the Snapdragon 8 Gen 3 chip for this purpose, and it should improve on its capabilities with the upcoming release of a Gen 4 chip.