Nvidia is set to become the market leader within the AI space, capable of revolutionising the space in a manner similar to Apple's landmark iPhone, Microsoft and Intel's PC development, or IBM's work in mainframes, experts have argued.
Nvidia briefly hit a $1trn market cap in late May, the first AI chip maker to reach the milestone and one of only nine firms to ever achieve that landmark. The company reported higher than expected revenues for the three months to April 2023 at $7.2bn, and forecast revenue to July at $11bn - more than 50% higher than analyst predictions. Stock Spotlight: Ocado avoids FTSE 100 relegation for now but questions remain In a note last week, Bank of America maintained its ‘Buy' rating for the company, arguing the recent surge of demand for its data centre business was sustainable and s...
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