Nvidia leads in AI chips valuation at $3 trillion, with potential for high returns in AI services

From Nasdaq: 2024-06-15 18:43:00

Nvidia became the first computer “hardware” stock to reach a $3 trillion valuation due to its success in AI chips. However, ARK Investment head Cathie Wood warned that Nvidia needs to prove AI’s value to sustain its valuation. OpenAI, Microsoft, and Alphabet aim to profit from AI, with ChatGPT offering cost-effective automation but facing high initial chip costs. OpenAI, Microsoft, and Alphabet may make a profit in AI services over time, benefiting Nvidia as well. The Motley Fool suggests 10 other stocks besides Nvidia for investors aiming for high returns.



Read more at Nasdaq: The Economics of ChatGPT: Can Large Language Models Turn a Profit?