|
Technology
|
Investors Shift Focus: The AI Stock to Buy Over Nvidia
2024-08-11 14:59:08
Artificial Intelligence
Stocks
Tech

Investors Shift Focus: The AI Stock to Buy Over Nvidia

Taiwan Semiconductor Manufacturing Company (TSM) emerges as a key player in the AI industry, catering to major brands like Nvidia and Intel. With the AI hardware and mobile AI markets poised for significant growth, TSM's revenue is set to double by 2026, despite recent stock declines.

Meanwhile, Nvidia anticipates substantial revenue surge driven by AI adoption, targeting data center revenue peaking at $150 billion. Amid economic uncertainties, TSM's cost-effective foundry services remain indispensable for chip brands, signaling a lucrative potential for investors shifting their focus from Nvidia to TSM.

Related news on that topic:

The Future of AI Stocks: Predictions and Potential Unstoppable ... Gainers

The AI market is projected to quadruple to $826 billion by 2030, with Palantir and Microsoft leading the charge. Apple, Microsoft, and Alphabet are forecasted to surpass Amazon's market cap by 2034, driven by innovations like GenAI, Azure, and Google Cloud. HubSpot is positioned to potentially join the $1 trillion club by 2034, leveraging its CRM suite and AI capabilities. Duolingo's AI-driven language platform offers growth potential despite a recent stock price drop. AMD and Alphabet emerge as promising alternatives to Intel, with strong growth in AI and cloud computing. These predictions highlight the evolving landscape of AI stocks and the potential for significant growth in the coming decade.

Navigating Tech Investment Amidst Market Volatility

Tech giants like Microsoft and Tesla face challenges amidst market turbulence. Microsoft's AI and cloud investments struggle to justify its high valuation, while Tesla grapples with EV competition. Investors, urged to caution by recent market shocks, must be wary of overvalued tech stocks and heed warning signs like declining margins. The allure of AI stocks, exemplified by Nvidia's recent success, should not blind investors to potential risks and market corrections. A prudent approach to tech investments is vital as uncertainties like recession fears and geopolitical tensions loom, underscoring the need for a balanced investment strategy.

Read 22 more recent news on this topic

The press radar on this topic:

The Street
12. August 2024 um 11:25

Nvidia stock analyst flags worrisome trend TheStreet Daily Newsletter

Technology
Finance
Economy
Nvidia's CEO, Jensen Huang, believes that AI will bring significant productivity gains to nearly every industry, helping companies be more cost- and energy-efficient while expanding revenue opportunities. Nvidia's commanding market share and the predicted growth in AI demand are expected to drive the company's data center revenue as high as $150 billion next year, powered largely by the launch of its new Blackwell AI chips.
fool
10. August 2024 um 15:00

Forget Nvidia: Buy This Magnificent Artificial Intelligence (AI) Stock Instead

Technology
Finance
Economy
Taiwan Semiconductor Manufacturing Company (TSM) is the leading chip manufacturer for the AI industry, producing chips for Nvidia, AMD, Intel, Apple, and Qualcomm. The AI hardware and mobile AI markets are projected to grow at 15.5% and 27% annually through 2031, respectively, according to market research outfit Skyquest. TSM's revenue is expected to nearly double by 2026, but its stock has declined over 20% since July due to market conditions and a disappointing jobs report. Even in an econom..
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.ai

infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact