Could This Artificial Intelligence (AI) Newcomer Be the Next Nvidia?

For much of the last two years, big tech has dominated the storyline revolving around artificial intelligence (AI). "Magnificent Seven" members Microsoft, Amazon, and Alphabet have invested billions into the likes of ChatGPT creator OpenAI and perhaps its biggest rival, Anthropic.Meanwhile there is Tesla, Elon Musk's brainchild that's looking to bring self-driving cars and humanoid robots to the masses. And of course, virtually none of the generative AI applications being developed by these megacap tech enterprises would even be possible without the help of Nvidia's graphics processing units (GPUs) and proprietary software.If you've read any of my prior pieces, you'll know that I tend to use Nov. 30, 2022 as my starting point for the AI revolution. To add some context, that is the day ChatGPT was released to the public. Since then, Nvidia has outperformed each of its Magnificent Seven peers by a long shot -- gaining over 700% as of market close on Dec. 12, 2024.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool