Tuesday, becoming the first chipmaker to do so. The company produces specialized chips capable of powering AI-related products.
“Today we're seeing a lot of attention to Nvidia and clearly the stock price of the company is reflecting that attention,” Pedro Palandrani, a vice-president and director of research at Global X ETFs, said in an interview with BNNBloomberg.ca Tuesday. Additionally, Sissons said he believes the largest upside will come in the form of software applicable to AI and if the market is as big as projected, other companies will enter the space.
As a portfolio manager, Sissons said he has “some Canadian tech exposure.” He said he would be surprised if Canadian companies like CGI Inc. and OpenText Corp. are not looking to integrate AI in some way to improve solutions. Since the launch of ChatGPT in November of last year, Palandrani said it “feels like a lot has happened in the AI field recently.
He said an example of this can be seen with Apple, who was an early mover on smartphones, but later had to compete with Samsung. “I don't think anybody's going to penetrate it [Nvidia’s market share] to the tune of being a trillion-dollar company by the end of the year, but there's going to be a lot of people that can penetrate into this market on the back of what they've created and the momentum that they have,” he said. Tuesday a deal to collaborate on building new generations of AI and video codec chiplets. The chiplets will potentially be used to power LG’s TV and automotive products.
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