Nvidia is the hottest AI investment target in the world's ** market in 2023, thanks to the American artificial intelligence investment frenzy, this year, Nvidia's stock price has risen by an astonishing 240%!
Its year-to-date gains were the highest among the seven tech giants. Ahead of Apple, Microsoft, Google, Tesla, Nvidia, Amazon and Meta.
The company is arguably the largest arms dealer in the global AI wave, beating out all AI peers on the market.
Nvidia. Tech Trends Towards AI Future Discussion GPT
The era of artificial intelligence has just begun!
As the world enters the AI era at an accelerated pace, the global demand for computing power is ushering in a first-class growth, especially for various subdivided tasks based on AI training and inference. Therefore, NVIDIA, which is extremely good at processing parallel computing, will become the core computing power arms vendor in the AI field for a long time in the future
NVIDIA owns 95% of the machine learning Xi market. As Huang said, "Nvidia is essentially an AI foundry. Nvidia's GPUs, CPUs, networking, AI foundry services, and NVIDIA AI enterprise software are all engines of full-speed growth. ”
AI wave. According to a research report released by a market research agency, the market size of chips for artificial intelligence (AI) applications is expected to reach a staggering 61 percent during the period 2022-202751%！The global AI chip market is expected to reach $400 billion in 2027
In the growing demand for artificial intelligence, NVIDIA occupies the first position in the artificial intelligence chip market.
The median price target for the stock is around $600, which is about 25% higher than the current price**. Some believe it can be as high as $780 with a return of over 60%!
NVDA** Outlook: Can AI Propel Nvidia to Continue to Dominate the Market in 2024?
AI changemakers.