Reported 12 days ago
Nvidia's stock saw a boost of up to 3% following a report from Bain that forecasts unprecedented investments in AI data centers, potentially leading to costs rising from $1-$4 billion to $10-$25 billion for large facilities in the next five years. The report suggests substantial short-term benefits for data center operators as corporations and governments ramp up spending on technology infrastructure, indicating significant growth for Nvidia, which anticipates $10 billion in revenue from governmental AI investments in 2024.
Source: YAHOO