Microsoft and Alphabet aren't the only companies poised to benefit long term from the artificial intelligence race overtaking Wall Street and the tech community. Chip stocks driving AI queries could mark a multi-billion dollar annual market opportunity for the industry in the years ahead, and Nvidia is one of the best names to play the burgeoning trend, Bernstein said.
mountain Nvidia shares so far this year The company expects these AI tailwinds to continue, with CEO Jensen Huang saying during a call with analysts last week that AI is at an " inflection point ," forcing businesses to to buy chips and develop new AI strategies. The stock is up more than 61% in 2023. According to Bernstein's calculations, 100 million ChatGPT queries a day would require annual purchases of $1 billion to $2 billion worth of Nvidia's H100 PCIe chips.
Hey lets just say 'A.I.' 1000 times on our conference call, act like a penny stock, and we can distract from the fact our earnings have been collapsing year over year. Lol
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