Reported about 1 year ago
This article discusses the rise of artificial intelligence (AI) as a transformative innovation akin to the impact of the internet on the global economy. It focuses on Nvidia's rapid growth fueled by the demand for its GPUs in AI-accelerated data centers, noting the company's market dominance and surging stock value. However, the article warns that based on historical trends with previous 'next-big-thing' innovations, Nvidia's stock is predicted to experience a significant plunge of over 50% in the future due to impending competition, changing market dynamics, and the likelihood of a bubble-bursting event, despite its current success in the AI sector.
Source: YAHOO