Wedbush's Dan Ives highlighted the potential ripple effect of Nvidia’s highly popular H100 GPU on the wider tech ecosystem.
What Happened: Ives suggested that every dollar spent on an Nvidia Corp (NASDAQ:NVDA) H100 GPU could lead to an additional $10-$12 spending across the tech ecosystem.
"This in our opinion is about the 2nd/3rd/4th derivatives of the AI Revolution now playing out."
We estimate the enterprise multiplier for tech spending is for every $1 spent on an Nvidia H100 GPU chip there could be a $10-$12 additional spending across the tech ecosystem. This in our opinion is about the 2nd/3rd/4th derivatives of the AI Revolution now playing out 🔥🐂🍿 — Dan Ives (@DivesTech) March 11, 2024
Earlier, after Nvidia's fourth-quarter ...