TECH - Nvidia's Stellar Turnaround To Propel Google Meta TSM And ASML Amid Rapid AI Advancements Says Gene Munster | Benzinga
NVIDIA Corp (NASDAQ:NVDA) is experiencing a remarkable turnaround, and according to Deepwater Asset Management‘s Gene Munster, this success is set to have a ripple effect on other industry players.
What Happened: Munster, a former Piper Sandler analyst, highlighted Nvidia’s recent performance and its implications for the AI sector in an interview with CNBC’s Fast Money. He pointed out that Nvidia’s business, which had seen a 13% decline in the same quarter last year, has now surged by 216%.
Munster emphasized the rapid pace of change within the AI industry and identified companies like Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), ASML Holding NV (NASDAQ:ASML), Google‘s parent company Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG), and Meta Platforms Inc (NASDAQ:META) as well-positioned to benefit from this trend.
He forecasted significant market dynamics shifts over the next three to five years, driven by the increasing integration ...