Nvidia Corp (NASDAQ:NVDA) has seen its market value decline by $900 billion since its peak in June 2024, despite the ongoing surge in artificial intelligence (AI) spending.
While this drop might suggest a cooling of the AI boom that propelled Nvidia to its heights, the underlying trends tell a different story.
U.S. Big Tech giants led by Microsoft Corp (NASDAQ:MSFT), Amazon.com Inc (NASDAQ:AMZN), Alphabet Inc (NASDAQ:GOOGL), and Meta Platforms Inc (NASDAQ:META), which represent over 40% of Nvidia's revenue, have all committed to continued investment in AI infrastructure, Bloomberg reports. Nvidia stock is trading up on Friday.
Super Micro Computer Inc (NASDAQ:SMCI), a company that manufactures data center servers used in AI applications, recently projected sales could reach up to $30 billion over the next year, surpassing analyst expectations.
Key Nvidia supplier Taiwan Semiconductor Manufacturing Co (NYSE:TSM) saw its revenue surge by 45% in July, outpacing the growth rate from the June quarter.
Analysts forecast Taiwan Semiconductor's third-quarter revenue to rise by 37%, and the strong July performance indicates that TSMC might exceed these projections, Bloomberg reports.
Rhys Williams, chief strategist at Wayve Capital Management LLC, told Bloomberg that companies have yet to reduce their AI spending or report issues with their AI initiatives.
Srini Pajjuri, managing director and senior research analyst at Raymond James, told Bloomberg the uncertainty surrounding the monetization of AI and questioned how long companies can sustain this level of spending without straightforward returns.
Ken Mahoney, president and CEO of Mahoney Asset Management, told Bloomberg that the recent selloff has brought Nvidia's valuation down to about 30 times forward earnings, potentially making it more attractive to long-term investors.
Nvidia stock has increased by over 135% in the last 12 months despite losing 22% in the last 30 days. Investors can gain exposure to Nvidia through the iShares Core S&P 500 ETF (NYSE:IVV) and the Vanguard Total Stock Market ETF (NYSE:VTI).
Price Action: NVDA shares traded higher by 1.29% at $106.32 premarket at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Nvidia Blog
尽管人工智能(AI)支出持续激增，但英伟达公司(纳斯达克股票代码:NVDA)的市值自2024年6月达到峰值以来已下降了9000亿美元。
尽管这种下降可能表明推动Nvidia达到顶峰的人工智能热潮有所降温，但潜在的趋势却有所不同。
彭博社报道，以微软公司（纳斯达克股票代码：MSFT）、亚马逊公司（纳斯达克股票代码：AMZN）、Alphabet Inc（纳斯达克股票代码：GOOGL）和占英伟达收入40％以上的Meta Platforms Inc（纳斯达克股票代码：META）为首的美国大型科技巨头都承诺继续投资人工智能基础设施。英伟达股票周五上涨。
生产用于人工智能应用的数据中心服务器的超级微电脑公司（纳斯达克股票代码：SMCI）最近预计明年的销售额可能达到300亿美元，超过分析师的预期。
英伟达的主要供应商台积电（纽约证券交易所代码：TSM）在7月份的收入增长了45％，超过了6月季度的增长率。
彭博社报道，分析师预测台积电第三季度收入将增长37％，而7月份的强劲表现表明台积电可能会超过这些预期。
Wayve Capital Management LLC首席策略师Rhys Williams告诉彭博社，各公司尚未减少人工智能支出或报告其人工智能计划存在问题。
Raymond James董事总经理兼高级研究分析师Srini Pajjuri告诉彭博社，人工智能货币化的不确定性，并质疑公司在没有直接回报的情况下能维持这种支出水平多长时间。
Mahoney资产管理公司总裁兼首席执行Ken Mahoney告诉彭博社，最近的抛售使英伟达的估值降至远期收益的30倍左右，可能使其对长期投资者更具吸引力。
尽管在过去的30天中下跌了22％，但英伟达的股票在过去12个月中仍上涨了135％以上。投资者可以通过iShares Core标准普尔500指数ETF（纽约证券交易所代码：IVV）和Vanguard Total Stock Market ETF（纽约证券交易所代码：VTI）获得英伟达的敞口。
价格走势：周五最后一次盘前检查时，NVDA股价上涨1.29％，至106.32美元。
免责声明：此内容部分是在人工智能工具的帮助下制作的，并由Benzinga的编辑审阅和发布。
图片来自英伟达博客
