It didn’t take long to figure out how he wanted to play the trend.“Whenever you look at AI, it’s like, all the roads lead to Nvidia,” said MacGillivray, who’s spent thousands of dollars on shares this year from his home in Michigan.

Broadcom estimates revenue from its three existing hyperscale customers will range from $60 billion to $90 billion in 2027, up from $12.2 billion in 2024. In other words, the company anticipates that custom AI chip sales will increase at least 70% annually in the next three years, but perhaps as quickly as 95% annually.

Doug Lefever, who leads Nvidia supplier Advantest, said he was watching for any sign of slower spending on AI by big US tech groups. Meta, Google and Microsoft have been heavy investors in data centres that can deliver massive amounts of computing power.

Palantir is a “rare cult with no sex and very little drugs and we’re not poisoning anyone,” quipped its billionaire CEO in a recent sitdown.

It’s been a record-breaking year for artificial intelligence darling Nvidia’s stock, with analysts overwhelmingly bullish about the year to come.

Live Updates Make sure to refresh this page periodically for updates. US Banks Planning to Sue the Fed 8:08 am One of the biggest reports premarket is that US banks are planning to sue the Federal Reserve over annual stress tests.

Nvidia (NASDAQ: NVDA) has become one of the most profitable investments in recent memory. Of course, the rise of artificial intelligence (AI) is the major reason why Nvidia's stock price has done so well.

Nvidia is one of the most popular AI stocks right now because of its lead in the semiconductor space. The company's graphics processing units (GPUs) have been used in data centers for years, and once tech giants began competing for generative AI dominance, the chips were even more in demand.

Nvidia is estimated to be paying $700 million for the Israeli AI company. The acquisition was originally announced in April.

The palm-sized Orin Nano is ideal for hobbyists and small companies looking to run AI applications locally, such as for use in industrial robots.

The Jetson Orin Nano Super Developer Kit is a powerful new platform that delivers generative AI 70% faster than its predecessor.

Apple and NVIDIA shared details of a collaboration to improve the performance of LLMs with a new text generation technique for AI.