Generative AI tailwind reduces for the share prices in the AI vertical:
The public pure-play AI businesses developing infrastructure recorded the greatest median revenue multiples in the sector in Q3. As generative AI was adopted for certain applications, share values of their vertical application counterparts plummeted. In terms of valuation gains across all industries, MongoDB, Adobe, Luminar, Snowflake, Datadog, and Tesla are outperforming firms.
Our Q3 2023 Artificial Intelligence & Machine Learning Public Comp Sheet and Valuation Guide keeps tabs on stock performance, valuations, and market capitalizations, as well as projections for revenue, EBITDA, and earnings per share for significant publicly traded businesses.
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