Nvidia Corp. did something remarkable to set up a rally for its stock on Thursday, while lifting shares of other companies involved in new technology employing artificial intelligence.
In... Nvidia Corp. did something remarkable to set up a rally for its stock on Thursday, while lifting shares of other companies involved in new technology employing artificial intelligence. In an interview with Therese Poletti, Nvidia CFO Colette Kress explained how “the inflection on AI and accelerated computing” helped drive the company’s revenue forecast.
Click here for a closer look at Nvidia’s price ratios, the heavy weighting for its stock and other major AI players such as Microsoft MSFT and Alphabet GOOGL GOOG in the S&P 500 and the Russell 1000 Growth Index RLG and other ways to play the AI trend.In an interview, Ken Laudan of Buffalo Funds cautioned that any discussion of AI as an investment theme needed to encompass “regulations and boundaries,” because the new technology “has a potential to get out of hand.