Nvidia's Jensen Huang Foresees 'AI Computing Ramp' To Continue For Years: 'We're In The Beginning'
Portfolio Pulse from Benzinga Neuro
NVIDIA Corp's CEO, Jensen Huang, predicts the 'AI computing ramp' will continue for years, emphasizing its early stage and potential for significant growth, especially in healthcare. Nvidia's technology has improved data processing speed and reduced costs, making it integral in various industries. The company's new AI chips, Blackwell, are in high demand, contributing to the growth of AI-themed ETFs in the U.S. Despite challenges, Nvidia's market performance remains strong, with its role in AI technology driving investor interest.
March 20, 2024 | 4:11 am
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NVIDIA's CEO Jensen Huang's optimistic outlook on AI computing's future and the introduction of new AI chips, Blackwell, highlight the company's strong position in the AI sector. This, combined with the growth of AI-themed ETFs influenced by Nvidia's performance, suggests a positive trend for Nvidia's stock.
Jensen Huang's positive forecast for the AI computing industry and Nvidia's pivotal role in it, especially with the introduction of Blackwell chips, positions NVDA for potential growth. The company's influence on the rise of AI-themed ETFs further supports a bullish outlook for its stock in the short term.
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