Reported 12 months ago
Taiwanese stock analyst Johnny Lian's economic event analysis on July 2, 2024, points to a weakening US economy with sluggish GDP growth, low core PCE inflation rate, and declining new home sales. Despite a temporary GDP recovery expected in the second quarter but a further decline in the third quarter, signs of economic weakness persist. Major financial institutions like Morgan Stanley and Bank of America hold bearish views. In terms of industry analysis, post-Nvidia stock split, market volatility affects its price. Nvidia's leadership in the AI information swirl faces scrutiny, but its growth is projected to continue due to strong demand for data center GPUs. Additionally, Nvidia's involvement in AI, robotics, and networking technologies like INFINIBAND further solidifies its position in the market. The article also touches upon Tesla's role in the self-driving industry and Nvidia's vital contribution in advancing autonomous driving systems for various automakers. Lastly, the piece highlights the high-speed data transmission capabilities of Nvidia's INFINIBAND, demonstrating significant growth potential compared to traditional Ethernet networks.
Source: YAHOO