Is AI in a Bubble, or Is the Rest of the Economy About to Pop?
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Concerns about an artificial intelligence (AI) bubble came to a head on Nov. 19 after Nvidia (NASDAQ: NVDA) CEO Jensen Huang addressed them directly on his company's earnings call.After Nvidia smashed analyst estimates in its third-quarter earnings report, Huang told investors that there was still a long runway of growth for the company.Once again, he reminded listeners that a transition from CPU general-purpose computing to GPU accelerated computing is underway, which greatly favors Nvidia, as it invented the GPU and still dominates the market for them today. Huang envisions the massive investment in non-AI software rapidly shifting to GPU-based AI software, which explains why companies are spending tens of billions of dollars on building out AI capacity.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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