Chipmakers are flourishing as the world has started to invest heavily in AI. While new technology will continue to rapidly develop, will investors see this boom reflected in the markets as well? At the World Economic Forum in Davos, Switzerland, Cloudflare CEO Matthew Prince told Yahoo Finance that 2024 could be "the year of the AI letdown." Synovus Trust Senior Portfolio Manager Dan Morgan joins Yahoo Finance to discuss what artificial intelligence trends mean for chipmakers and personal device sales. "I look at AI as a productivity enhancement tool that will help... digital ad spend with Meta (META) and Google (GOOG, GOOGL) and Tiktok and, so forth, and Amazon (AMZN)," Morgan says. "We haven't really seen it really impact, let's say, Microsoft with ChatGPT (MSFT); We haven't really seen Alphabet with Bard and really have a dramatic, positive increase in terms of profits." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

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