TECH - Nvidia's Groundbreaking AI Innovations at GTC 2024 Spark Analyst Enthusiasm | Benzinga
Wedbush analyst Daniel Ives noted the tech industry is gearing up for Nvidia Corp’s (NASDAQ:NVDA) GTC 2024 in San Jose, dubbed the “AI Woodstock”, signaling the beginning of a significant leap in the AI Revolution.
Under the leadership of Jensen Huang, Nvidia will likely reveal groundbreaking products, partnerships, and use cases that will propel the next phase of the AI Revolution, as per the analyst.
The event will likely set off a tidal wave of spending in the tech sector, with a forecast of over $1 trillion in AI investments over the next decade, he said.
This surge reflected the proliferation of enterprise and consumer applications in what is being termed the 4th Industrial Revolution.
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The spotlight at GTC will be on Nvidia’s introduction of the Blackwell B100 AI chip and architecture, marking a significant milestone for the AI industry, Ives stated.
With Capex numbers from giants like Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, Amazon.Com Inc (NASDAQ: