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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Investment Strategy أخبار

Markets,NVIDIA Corp,Business News

Looking ahead, the Nvidia investment thesis is undiminished, according to Melius Research.

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.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 12. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين