tl;dr
In a recent investor note, Citi analyst Atif Malik predicts that Nvidia (NVDA) will maintain its dominance as a supplier of AI GPUs, with at least 90% of sales over the next two to three years, despite competition from other tech giants like Amazon (AMZN) and Microsoft (MSFT). Malik attributes this ...
In a recent investor note, Citi analyst Atif Malik predicts that Nvidia (NVDA) will maintain its dominance as a supplier of AI GPUs, with at least 90% of sales over the next two to three years, despite competition from other tech giants like Amazon (AMZN) and Microsoft (MSFT). Malik attributes this projection to Nvidia's continued presence as a cornerstone in the AI market, particularly following the expansion of its relationship with Amazon Web Services, which will bring Nvidia's GH200 superchip to the cloud and host Nvidia's DGX Cloud. As a result, Nvidia's shares were up 0.7% in mid-day trading on Wednesday, while Amazon slipped less than 0.5%.
More about Amazon.com Inc
Amazon.com Inc, a leading multinational technology company with a focus on e-commerce, cloud computing, digital streaming, and artificial intelligence, is a dominant force in the U.S. information technology industry. With a market capitalization of $1,519,407,989,000 and a current stock price of $3,279.94, Amazon's stock performance has shown a steady increase, with a 1.91% rise and a Relative Strength Index (RSI) of 53.95, indicating a bullish trend. The company's strong financial position is reflected in its revenue of $554,027,975,000 and a healthy net profit margin of 2.357. However, it's important to note that past performance is not always indicative of future results, and there are potential risks and uncertainties in the market that may impact Amazon's future performance.
More about Microsoft Corporation
Microsoft Corporation is a leading American multinational technology company with a market cap of $2.84 trillion. The stock has a current price of $403.31 and has shown a 0.272% change. The company has a price-to-earnings ratio of 37.05 and a forward dividend yield of 2.79%. Market sentiment for Microsoft is currently bullish, with a Relative Strength Index (RSI) of 29.35, indicating potential overbought conditions. The stock has been trading within a tight range, showing support at $400 and resistance at $405. The company's strong financials and diverse product portfolio make it a key player in the technology industry, with potential for continued growth and stability. However, it is important to note that past performance is not indicative of future results, and potential risks and uncertainties should be carefully considered.
More about NVIDIA Corporation
NVIDIA Corporation is a leading technology company in the manufacturing and semiconductors industry. With a market capitalization of $118.12 billion, the company has a strong presence in the gaming and professional markets, as well as in mobile computing and automotive sectors. The stock is currently trading at $641.23 with a 52-week high of $659.97, indicating a bullish trend. The Relative Strength Index (RSI) of 62.92 suggests that the stock is currently in a strong position. However, the stock has a resistance level at $659.97, and potential risks or uncertainties in the market should be considered. Overall, the market sentiment towards NVIDIA Corporation is positive, with potential for further growth in the future.
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.