McDonald’s recent foray into artificial intelligence (AI) technology at its drive-thru lanes signals a significant shift in the United States, according to CNBC’s astute observer, Jim Cramer.
In a recent episode of CNBC’s “Mad Money,” Cramer pointed out that this move could particularly benefit premier AI chipmaker, Nvidia Corp. (NASDAQ: NVDA).
McDonald’s Corp. (NYSE: MCD), in collaboration with industry giants IBM (NYSE: IBM) and Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG), is currently testing AI-powered voice recognition technology at its drive-thru windows. This development was confirmed by the fast-food behemoth in a statement to Cramer.
The statement from McDonald’s read, “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 scheduled for later this year.”
Cramer highlighted, “This is what’s happening all across America right now. Can anyone afford to be left behind in this race?”
Nvidia’s ascendancy in the AI sector is poised to gain momentum as more companies embrace AI solutions. Many cutting-edge AI models rely on Nvidia’s potent processors, known for their ability to swiftly and accurately analyze vast troves of data.
Nvidia’s outstanding performance in the fourth quarter has been a testament to its strides in the AI realm. With a revenue of $22.10 billion, marking a 22% increase from the previous quarter and a staggering 265% surge from the preceding year, Nvidia has been setting new benchmarks.
Following this impressive showing, Nvidia achieved a market capitalization surpassing $2 trillion, a feat only attained by a handful of companies. This milestone firmly cements Nvidia’s standing as a trailblazer in the tech landscape.
Undeterred by naysayers, Cramer remains a vocal advocate for Nvidia, encouraging investors to look beyond doubts and back winning stocks. He envisions a promising future for Nvidia, especially given the escalating demand for its AI-driven offerings.