NVDA - Nvidia Analyst: Stock Still 'Quite Inexpensive' Expects Chipmaker To Maintain 80%-Plus Share As AI Market 'Triples' Over Coming Years | Benzinga
Nvidia Corp (NASDAQ:NVDA) became the most valuable company in the world by market cap this week. One analyst doesn’t see any signs of a slowdown for the chipmaker, given the significance of its role in the generative artificial intelligence (AI) boom.
What To Know: Thursday on CNBC’s “Squawk Box,” BofA Securities analyst Vivek Arya argued that Nvidia is very likely to maintain a massive lead in the AI race over the coming years.
“We do expect Nvidia to maintain its 80%+ market share. The reason is that this is the norm in technology. If you look at any part of technology, right, whether it’s social, e-commerce, operating systems, you will see that the leader keeps 80% of the market … and we think it’s going to be no different in AI,” Arya said.
The BofA ...