Prediction: This Artificial Intelligence (AI) Chip Stock Is Going to Skyrocket After Dec. 12

10.12.24 14:07 Uhr

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There is no doubt that Nvidia (NASDAQ: NVDA) is the dominant player in the market for artificial intelligence (AI) chips, as its graphics processing units (GPUs) have played a central role in training popular AI models such as ChatGPT and Llama.The company's terrific technological lead in the AI GPU space has given it a wide moat, and its rivals remain way behind it when it comes to selling AI GPUs. As a result, Nvidia's data center revenue rose by a remarkable 112% year over year in the third quarter of its fiscal 2025 to a record $30.8 billion, while AMD's revenue from this segment came in at just $3.5 billion in its most recently reported quarter.At the same time, some investors seem a tad concerned about the relative slowdown in Nvidia's growth. Though the company's total revenue increased an impressive 94% year over year in the previous quarter to $35.1 billion, that was slower than the 122% year-over-year increase Nvidia reported in the second quarter of its fiscal 2025.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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