Forget Nvidia: Prominent Billionaires Are Selling It in Favor of These 7 Top-Notch Stocks
Since the dawn of the internet three decades ago, no next-big-thing investment trend has turned heads quite like artificial intelligence (AI).
With AI, software and systems have the ability to learn and evolve over time without human intervention, which gives the technology application in virtually all sectors and industries. It's the reason PwC's analysts believe artificial intelligence could add close to $16 trillion to global gross domestic product by 2030.
Although numerous companies within and outside the tech sector stand to benefit from the rise of AI, it's semiconductor colossus Nvidia (NASDAQ: NVDA) that's become the face of this technological revolution. Nvidia's high-powered graphics processing units (GPUs) have quickly become the standard in AI-accelerated data centers. According to semiconductor analysis company TechInsights, Nvidia accounted for 98% of the 3.85 million AI-GPUs shipped in 2023.
Source Fool.com
