Apple, Microsoft, Nvidia among 15 companies that stand to benefit from AI: BofA
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Investment firm Bank of America introduced a list of companies on Tuesday that it believes will benefit from the rise of artificial intelligence, including tech behemoths such as Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT) and Nvidia (NASDAQ:NVDA).
In the note, analysts from the firm noted that tech companies are now engaged in an "AI arms race," with many developing their own chatbots similar to ChatGPT. 
ChatGPT is created by OpenAI, which recently signed a deal with Microsoft (MSFT) to integrate its technology into its Bing search engine and Edge web browser.
Bank of America analysts added semiconductor companies, particularly GPU and chip equipment makers, are "likely beneficiaries" due to the fact that training and running large language models need "significant" computing model.
The analysts also explained cloud software analytics should benefit from increased data volumes, while cybersecurity stands to benefit from more sophisticated digital threats.
Areas that could be disrupted include media, specifically, video, music and images, as generative AI is able to create content in these industries, which may lead to increased job automation.
Companies listed:

Microsoft (MSFT) via its OpenAI integration
Alphabet (GOOG) (GOOGL) via its DeepMind Sparrow LLM and its recent Bard chatbot
Meta Platforms (META) via its recent LLaMA large language model announcement and GPU enabled AI research supercluster
Apple (AAPL) as it benefits from licensing the search engine on iOS
Baidu (BIDU) from its Ernie chatbot
Nvidia (NVDA) via its GPUs being used in AI arms race
ASML (ASML) as it is the "leader" in extreme ultraviolet lithography tools
Taiwan Semiconductor (TSM) as it is the leader in foundry chip making
Arista Networks (ANET) via high-throughput data center switches used for intensive AI workloads
Adobe (ADBE) from its Sensei AI platform
Shutterstock (SSTK) which has a generative AI partnership with OpenAI
NICE Systems (NICE) via AI data surveillance
SAP (SAP) via its enterprise and business software
Relx (RELX) via AI enabled information-based analytics/decision tools
Palantir (PLTR) via its AI-enabled platforms used by both commercial enterprises and governments.

Last week, Wedbush Securities said that Microsoft (MSFT) has seen a "steady" flow of cloud computing deals since the weakness in December.