Reported 1 day ago
Nvidia investors received optimistic news from Amazon and Alphabet as both companies plan significant increases in capital spending on AI infrastructure, despite concerns sparked by a Chinese startup's cheaper AI model. Analysts believe that more efficient AI training methods could heighten demand for Nvidia's GPUs, as companies will now be incentivized to develop more AI products. With projected earnings growth of 52% through fiscal 2026, Wall Street remains bullish on Nvidia's long-term prospects, despite the recent volatility in its stock.
Source: YAHOO