Nvidia Soars Past $2 Trillion Amid AI Boom; Microsoft and Broadcom Heat Up Competition

May 20, 2024
Nvidia Soars Past $2 Trillion Amid AI Boom; Microsoft and Broadcom Heat Up Competition
  • Nvidia's Q1 earnings report has boosted its market value over $2 trillion.

  • Analysts forecast Nvidia's stock value could exceed $1,000 per share.

  • Estimated fiscal 2025 revenue for Nvidia is $24 billion.

  • Nvidia's focus on AI, data centers, and gaming has driven its success.

  • Microsoft is introducing an AMD AI chip platform at the Build developer conference as an alternative to Nvidia's components.

  • Microsoft's new AI platform offers powerful AI model options through Azure.

  • Microsoft is also launching the Cobalt 100 custom processor, which aims for 40% better performance than other technology-based processors.

  • The Cobalt 100 is aimed at enhancing Microsoft's AI capabilities and competing with Amazon's Graviton CPU.

  • Cryptocurrencies in the AI sector are gaining traction, with tokens like Render (RNDR) and Origintrail (TRAC) seeing recent increases.

  • Nvidia and Broadcom have both seen stock gains this week following positive product announcements from OpenAI and Google.

  • Broadcom is excelling in AI inferencing and positioning itself as a major beneficiary of growing AI usage in consumer products.

  • Investors are advised to consider owning both Nvidia and Broadcom to capitalize on AI growth.

Summary based on 35 sources


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