Nvidia Rallies Again After Massive AI-Fueled Surge — Is It A Buy?
Nvidia, a giant in data centers and gaming, continues to sizzle. The chip giant is seen as one of the biggest winners of the AI boom. Is Nvidia stock a buy right now, with earnings due next week?
On Aug. 14, Morgan Stanley analysts said Nvidia remains their top pick among chip stocks ahead of its earnings report. They see a "massive shift" in spending toward AI (artificial intelligence) and demand for AI chips outstripping supply.
Earlier in August, Nvidia unveiled a more powerful AI super chip coming next year: the next-gen GH200. And the Financial Times reported that China's internet giants are rushing to acquire high-performance Nvidia AI chips, putting in orders worth $5 billion.
Nvidia taps the emerging market for generative AI. Generative AI can create content, including written articles, from simple phrases by analyzing vast amounts of data. It can also write computer programming code.
For those looking for the top large-cap stocks to buy now, here's a dive into the AI chip leader. $NVIDIA (NVDA.US)$ $Advanced Micro Devices (AMD.US)$ $Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL.US)$ $Dow Jones Industrial Average (.DJI.US)$
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