Nvidia Could Be About to Counter a Big Artificial Intelligence (AI) Threat With This Move
Nvidia (NASDAQ: NVDA) is the dominant force in the market for artificial intelligence (AI) graphics cards, with an estimated 92% market share. This is the reason the company has been growing at a terrific pace, up 230% over the past year.
However, the company faces a potential threat from some tech giants. Let's examine that threat before checking how Nvidia is reportedly going to take care of it.
While companies including Microsoft, Amazon, Meta Platforms, and are Nvidia's customers and have spent billions of dollars on its graphics processing units (GPUs), it's no secret they have been developing custom AI chips to reduce their reliance on the graphics-card specialist.
Source Fool.com
Alphabet Inc. A Stock
€157.16
0.330%
The stock is an absolute favorite of our community with 93 Buy predictions and no Sell predictions.
As a result the target price of 178 € shows a slightly positive potential of 13.26% compared to the current price of 157.16 € for Alphabet Inc. A.
