Nvidia CEO Jensen Huang Says This Is the "Next Wave of AI" -- and He Singled Out 1 Potential Big Winner Other Than Nvidia

Core Viewpoint - Nvidia CEO Jensen Huang emphasizes the significance of enterprise AI and industrial AI as the next major developments in the AI sector, highlighting their potential to transform business operations and manufacturing processes [2][4]. Group 1: Enterprise AI - Enterprise AI is defined as the application of AI technologies to enhance productivity, customer service, cost reduction, competitive advantages, and innovation within organizations [2]. - Consulting firms like Accenture and Deloitte are leveraging Nvidia's AI technologies to implement enterprise AI solutions globally [4]. - Accenture has established a new business unit with approximately 30,000 professionals trained in Nvidia's AI technology to facilitate the rollout of enterprise AI [4][5]. Group 2: Industrial AI - Industrial AI focuses on the application of AI technologies in manufacturing, including robotics and supply chain management [2]. - Accenture is also a leader in implementing industrial AI, launching a virtual facility robot fleet simulation blueprint that integrates Nvidia's Omniverse and other platforms to create autonomous factories [5]. Group 3: Accenture's Performance and Opportunities - Accenture reported that generative AI contributed $3 billion to its new bookings in fiscal year 2024, indicating strong demand for AI solutions [5]. - Despite a high valuation with a forward P/E ratio of 28 and a PEG ratio of 2.24, Accenture's potential in AI may surpass these metrics due to the increasing need for organizations to adopt enterprise and industrial AI [6][7]. - The partnership with Nvidia is expected to provide Accenture with a competitive edge in the AI market over the coming years [7][8].