AI Boom Predicted in 2024: Nvidia and Microsoft Emerge as Key Investment Options
December 31, 2023Interest 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.
Summary based on 0 sources