TECH - Nvidia 'Cracked The Code': Analyst Says 'Golden GPUs' Have Sparked A 'Generational Tech Transformation' | Benzinga
As the Street debates over whether the AI frenzy is for real or just hype, an analyst at Wedbush on Friday allayed fears regarding a potential bubble burst.
Boom/Bust: Nvidia’s “quarter/guidance for the ages” delivered this week should not unduly worry investors, according to analyst Daniel Ives. For those doubters, the analyst has a definitive response. “Our answer is firm and confident: this is a 1995 Moment as now the AI Revolution and $1 trillion of incremental spending over the next decade is hitting the software ecosystem and rest of tech sector,” he said.
“Nvidia and the golden GPUs are the start of the spending wave…not the end.”
The AI revolution will only intensify further, as a myriad of use cases are built out across the enterprise and consumer ecosystem, Ives said, adding that this is a “transformational tech trend” not seen since the start of the Internet in the mid 1990s.
“For every $1 of spend with Nvidia on GPUs, the multiplier around the enterprise and consumer ...