META - UTF: Infrastructure Companies Will Benefit From AI And This Fund Should Benefit Yielding 7.9%
2024-06-05 09:00:00 ET
Summary
- Nvidia's Q1 revenue increased by 262.12% YoY, driven by the growing demand for AI chips.
- Elon Musk estimates that Tesla will spend up to $4 billion on AI chips with Nvidia in 2024.
- The demand for AI infrastructure, including data centers, grid capacity, and oil and gas, will create opportunities for companies like Cohen & Steers Infrastructure Fund.
I think that most people would agree that the A.I wave is showing no signs of slowing down. Nvidia Corporation ( NVDA ) just delivered its largest quarter, as they generated $26.04 billion in revenue . This is a YoY increase of 262.12%, as they generated $7.19 billion of revenue in Q1 of 2023. News broke today that Elon Musk is estimating that Tesla ( TSLA ) will spend up to $4 billion on artificial intelligence (A.I.) chips with NVDA in 2024....
UTF: Infrastructure Companies Will Benefit From AI And This Fund Should Benefit, Yielding 7.9%