PLTR - Nvidia's Upcoming Earnings to Set Tone for AI Investment Rush Wall Street Analysts Say | Benzinga
The start of 2024 sparked a debate among investors regarding the monetization of the AI Revolution, marking a significant shift in the tech landscape akin to the emergence of the Internet in 1995, Wedbush analyst Daniel Ives said.
The key focus was on enterprise spending trends, seen as crucial to validate lofty valuations and pave the growth path for the year and beyond, as per the analyst.
Recent earnings calls by major tech giants like Microsoft Corp (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Meta Platforms Inc (NASDAQ:META), and Amazon.Com Inc (NASDAQ:AMZN) revealed an uptick in capital expenditure towards AI infrastructure, signaling the onset of AI monetization within the tech sector, Ives stated.
Microsoft’s Copilot program exceeded expectations, indicating robust demand for AI deployments among its clientele.
Attention now turns to Nvidia Corp (NASDAQ:NVDA), regarded as the pioneer of AI, as ...