Best Free US Stock Signals for 2024
There is no doubt that Nvidia (NASDAQ: NVDA) has been one of the top artificial intelligence (AI) stocks to buy on the market in the past year-and-a-half thanks to the critical role it is playing in the advancement of this technology.
Investors might be familiar with artificial intelligence (AI) stocks like Nvidia and Microsoft. Nvidia designs the industry's most powerful data center chips for developing AI models, and Microsoft is a leader on the software side thanks in part to its $10 billion investment in ChatGPT creator OpenAI.
With few exceptions over the last three decades, investors have always had a next-big-thing investment trend or innovation to look forward to. But since the advent of the internet in the mid-1990s, other next-big-thing trends have consistently come up short. The rise of artificial intelligence (AI) aims to change that.
Investors are never lacking for data on Wall Street. We're currently in the heart of earnings season, and economic data continues to be reported on a near-daily basis. But arguably the most important data release of the quarter is set to occur this Wednesday, May 15. This marks the deadline for institutional money managers to file Form 13F with the Securities and Exchange Commission.
Roughly three decades ago, the advent of the internet completely changed the growth arc for corporate America. Since then, countless next-big-thing investments have come and gone with moderate success. However, the rise of artificial intelligence (AI) may be the first game-changing innovation that gives the advent of the internet a run for its money.
Nvidia has been an ideal long-term investment. Shares soared 45,900% over the last 20 years as the company transitioned from computer graphics trailblazer to accelerated computing powerhouse. But the stock has been especially hot lately. Shares more than tripled during the past 12 months as investors leaned into the artificial intelligence gold rush. But those gains have given rise to concerns about Nvidia's valuation.
Nvidia (NASDAQ: NVDA) isn't just a leader in developing the key hardware fueling the artificial intelligence (AI) boom. It's a big investor in other AI companies, often including an equity investment in its business relationships. In December, its portfolio of AI stocks surpassed the $100 million threshold, requiring it to file form 13-F with the SEC disclosing all of its holdings.
By Eduardo Baptista, Fanny Potkin and Max A. Cherney
Investing.com– Chinese entities acquired Nvidia’s most advanced artificial intelligence chips through resellers even after the U.S. last year widened a ban to restrict Chinese access to the technology, a Reuters report showed on Tuesday.
HANOI (Reuters) – Vietnam's top tech firm FPT plans to build a $200 million artificial intelligence (AI) factory using Nvidia (NASDAQ:NVDA)'s graphics chips and software, the two firms said on Tuesday.