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
儘管人工智能(AI)支出持續激增，但英偉達公司(納斯達克股票代碼:NVDA)的市值自2024年6月達到峯值以來已下降了9000億美元。
儘管這種下降可能表明推動Nvidia達到頂峯的人工智能熱潮有所降溫，但潛在的趨勢卻有所不同。
彭博社報道，以微軟公司（納斯達克股票代碼：MSFT）、亞馬遜公司（納斯達克股票代碼：AMZN）、Alphabet Inc（納斯達克股票代碼：GOOGL）和佔英偉達收入40％以上的Meta Platforms Inc（納斯達克股票代碼：META）爲首的美國大型科技巨頭都承諾繼續投資人工智能基礎設施。英偉達股票週五上漲。
生產用於人工智能應用的數據中心服務器的超級微電腦公司（納斯達克股票代碼：SMCI）最近預計明年的銷售額可能達到300億美元，超過分析師的預期。
英偉達的主要供應商台積電（紐約證券交易所代碼：TSM）在7月份的收入增長了45％，超過了6月季度的增長率。
彭博社報道，分析師預測台積電第三季度收入將增長37％，而7月份的強勁表現表明台積電可能會超過這些預期。
Wayve Capital Management LLC首席策略師Rhys Williams告訴彭博社，各公司尚未減少人工智能支出或報告其人工智能計劃存在問題。
Raymond James董事總經理兼高級研究分析師Srini Pajjuri告訴彭博社，人工智能貨幣化的不確定性，並質疑公司在沒有直接回報的情況下能維持這種支出水平多長時間。
Mahoney資產管理公司總裁兼首席執行Ken Mahoney告訴彭博社，最近的拋售使英偉達的估值降至遠期收益的30倍左右，可能使其對長期投資者更具吸引力。
儘管在過去的30天中下跌了22％，但英偉達的股票在過去12個月中仍上漲了135％以上。投資者可以通過iShares Core標準普爾500指數ETF（紐約證券交易所代碼：IVV）和Vanguard Total Stock Market ETF（紐約證券交易所代碼：VTI）獲得英偉達的敞口。
價格走勢：週五最後一次盤前檢查時，NVDA股價上漲1.29％，至106.32美元。
免責聲明：此內容部分是在人工智能工具的幫助下製作的，並由Benzinga的編輯審閱和發佈。
圖片來自英偉達博客
