Reported 2 days ago
Dan Niles, founder of Niles Investment Management, has turned bullish on NVIDIA due to a recovery in demand for AI chips following a write-down related to U.S. government restrictions and the increasing spending on inference technologies in the AI sector. Despite facing potential competition from major firms like Apple and Amazon, Niles believes NVIDIA's robust position in the AI market and its next-generation technology will capture significant value as the industry evolves.
Source: YAHOO