McDonald’s has taken a leap into the future by integrating artificial intelligence (AI) technology into its drive-thru operations, signaling a broader acceptance of AI in the U.S., according to CNBC commentator Jim Cramer.
A Positive Development: During a recent segment on CNBC’s “Mad Money,” Cramer highlighted the significance of this move and its potential benefits for premier AI chipmaker, Nvidia Corp. (NASDAQ: NVDA).
McDonald’s Collaboration: McDonald’s Corp. (NYSE: MCD), in partnership with IBM (NYSE: IBM) and Alphabet Inc. (NASDAQ: GOOGL, GOOG), is currently testing AI-based voice recognition technology at its drive-thrus. The company shared this information with Cramer through a statement.
The statement from McDonald’s emphasized their focus on leveraging AI technology, stating, “Rest assured, we’re all over the AI opportunity at McDonald’s. We currently are testing voice recognition at over 100 drive-thrus with the rollout decision slated for later this year.”
Cramer pointed out the widespread adoption of AI technology across the nation, questioning whether other businesses could afford to ignore this trend.
Insights Into the Industry
Significance for Nvidia: The adoption of AI technology by more companies is a positive development for Nvidia, a key player in the AI chip market. Nvidia’s robust processors form the backbone of many advanced AI models, enabling rapid and efficient data analysis.
Nvidia’s recent performance in the AI sector has been impressive, with its Q4 earnings surpassing expectations. The company reported fourth-quarter revenue of $22.10 billion, marking a 22% increase from the previous quarter and a remarkable 265% surge year-over-year.
Following this exceptional showing, Nvidia’s market cap breached the $2 trillion mark, placing it among the top tech companies globally. This achievement solidified Nvidia’s status as a dominant force in the tech industry.
Despite some skepticism, Cramer has consistently championed Nvidia, encouraging investors to overlook doubts and embrace successful stocks. He remains bullish on Nvidia’s long-term outlook, especially given the surging demand for its AI solutions.
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