An Artificial Intelligence (AI) Stock Some Investors See as the "Next Nvidia" Could Surge 130%, According to a Wall Street Analyst
Arm plc(ARM) The Motley Fool·2024-08-02 08:44
Semiconductor company Arm went public in September 2023, and shares have already doubled amid enthusiasm about artificial intelligence.Nvidia has been one of the biggest beneficiaries of the artificial intelligence (AI) boom, due to its dominance in data center accelerators. The company's shares have surged 750% since ChatGPT launched in November 2022, and it remains a foundational AI stock in many portfolios. But Nvidia has a market capitalization just shy of $3 trillion, so the odds of similar returns in ...