Reported 4 months ago
Nvidia's recent blockbuster earnings report for the first quarter of 2024, showcasing a 262% revenue growth overall and 427% in data center revenue, highlights the thriving AI market. The company's CEO's comments on the AI market's early-stage growth and soaring demand have sparked further enthusiasm for the AI revolution. The article also discusses the significance of AI inference and power consumption, predicting a substantial impact on electrical grids and potential winners like utility companies such as Dominion Energy, which operates in a prime data center market like Virginia. Investing in Dominion Energy is suggested as a strategic way to capitalize on the growth in generative AI.
Source: YAHOO