Analyst says buying Nvidia is 'no brainer' as tech companies 'spend like crazy' in AI race

Nvidia is proving itself to be a key beneficiary as technology companies "spend like crazy" to take advantage of artificial intelligence, according to Melius Research. "Sometimes a no brainer is a no brainer," analyst Ben Reitzes wrote on Monday.

mountain Nvidia stock. "he big clouds are going to have to spend their share on Nvidia, up to 25% of Capex for Microsoft and Meta this year alone," he said. Nvidia has climbed almost 76% in 2024 through Monday morning as investor enthusiasm for AI continued, after more than tripling in 2023. The stock has pulled back almost 4% in April.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Analyst says buying Nvidia is 'no brainer' as tech companies 'spend like crazy' in AI raceLooking ahead, the Nvidia investment thesis is undiminished, according to Melius Research.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »