SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Investing in Exponential Growth

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Frank Sully12/18/2020 2:01:47 AM
   of 992
 
NVIDIA: A case study In Exponential Growth and AI

AI is a huge market and these companies are already benefiting Chris Neiger (TMFNewsie)
Dec 15, 2020 at 9:22PM

Artificial intelligence (or AI) gets a lot of attention these days because the technology is being implemented into so many parts of our lives, from smart speakers to apps. And as AI expands, the opportunity for investors is enormous. Over the next four years, AI spending is estimated to double and reach $110 billion by 2024, according to research firm IDC.

For investors looking to tap into this enthusiasm for AI, there are a handful of companies pushing artificial intelligence forward. Here's why NVIDIA ( NASDAQ:NVDA), Amazon.com ( NASDAQ:AMZN), and Appian ( NASDAQ:APPN) should be on your AI stock buy list.


Image source: Getty Images.


1. NVIDIA For many years NVIDIA's core business came from selling graphics processors for gaming. But as data centers have become more complex, many companies have looked to NVIDIA's GPUs for their artificial intelligence data centers.

This shift has helped NVIDIA's data center revenue grow quickly and back in August the segment outpaced gaming revenue for the first time. In NVIDIA's most recent quarter, data center sales spiked 162% to $1.9 billion. Not all of the data center sales came from AI, but as more companies aim to boost their AI data center capabilities, many of them will look to NVIDIA's GPUs to help them do so.

NVIDIA is also pursuing new AI opportunities through its pending $40 billion acquisition of Arm Holdings. NVIDIA CEO Jensen Huang says the deal "will create a company fabulously positioned for the age of AI," as NVIDIA combines its artificial intelligence platform with Arm's CPU designs.

NVIDIA is already a leader in AI and when the company closes its acquisition of Arm Holdings, expected in the first quarter of 2022, the company's AI prospects appear even brighter.

Exponential Growth Of NVIDIA GAAP Operating Income

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext