AI Boom Predicted in 2024: Nvidia and Microsoft Emerge as Key Investment Options

January 1, 2024
AI Boom Predicted in 2024: Nvidia and Microsoft Emerge as Key Investment Options
  • Interest in artificial intelligence (AI) has surged since the launch of OpenAI's ChatGPT, leading to projected growth in the AI market.

  • Nvidia and Microsoft are considered attractive investment options in AI for 2024.

  • Nvidia dominates the GPU market with an estimated 90% market share in AI chips.

  • Analysts predict a potential 95% increase in Nvidia's stock price.

  • Microsoft, in partnership with OpenAI, has exclusive access to advanced AI technology.

  • Analysts foresee a potential 32% increase in Microsoft's stock price.

  • Semiconductor stocks, including Nvidia and AMD, have outperformed the broader market due to booming demand for AI chips.

  • The PC market is expected to rebound in 2024, benefiting Nvidia and AMD.

  • Analysts predict a 17% increase in AMD's revenue in 2024.

  • Nvidia's stock has the potential for greater growth in 2024 and beyond.

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