Just two weeks after its rival Nvidia struck a massive AI deal with ChatGPT owner OpenAI, AI chipmaker Advanced Micro Devices did the same.On Monday, chipmaker Advanced Micro Devices (AMD 23.61%) announced a huge artificial intelligence (AI) strategic partnership with OpenAI, the AI model developer best known for its ChatGPT chatbot. Not only did this news send shares of AMD up a whopping 23.7%, but it also gave a boost to many other AI stocks and the market in general.AMD's news came exactly two weeks afte ...

Core Viewpoint - Nvidia's investment of up to $100 billion in OpenAI is expected to accelerate the race towards artificial superintelligence, which will increase demand for Nvidia's AI-enabling products [1][13]. Group 1: Nvidia's Growth Drivers - The primary growth driver for Nvidia will be the strong demand for its graphics processing units (GPUs) and related technologies that enable generative AI applications [2]. - Generative AI, which gained prominence with the release of OpenAI's ChatGPT, will fuel growth in areas such as customer service, driverless vehicles, and humanoid robots [2][6]. - Long-term growth will also stem from the pursuit of artificial general intelligence (AGI) and artificial superintelligence (ASI), which are less covered but critical to Nvidia's future [3][10]. Group 2: Understanding AGI and ASI - AGI is defined as artificial intelligence that matches average human capabilities across cognitive tasks, while ASI refers to intelligence significantly surpassing that of the smartest humans [7]. - Experts predict that AGI will be achieved around 2040, with entrepreneurs being more optimistic, forecasting it by 2030 [8][9]. Group 3: Nvidia's Market Position - Nvidia's dominance in the AI semiconductor market positions its GPUs as essential for companies aiming to achieve AGI and ASI, including major tech firms and AI startups [10][12]. - While competitors are developing their own AI chips, Nvidia's GPUs remain the gold standard for training AI models and deploying applications [11][12]. Group 4: Investment Context - Nvidia's planned $100 billion investment in OpenAI is nearly double its cash and equivalents on its balance sheet and exceeds the cash reserves of other major tech companies [14]. - This investment is expected to enhance Nvidia's competitive edge in the AI market, as companies increasingly invest in Nvidia's infrastructure to support their AI initiatives [14].

Nvidia is the "king" of the artificial intelligence boom. But if AI is just a bubble, it is in Nvidia's best interest to keep it going strong for as long as possible. Another company at the center of this bubble is OpenAI. OpenAI CEO Sam Altman admitted in his August interview with The Verge that he thinks we are in an AI bubble: The internet was a really big deal. People got overexcited. Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes. Altman isn't the only big ...

We recently published 10 Stocks Stealing Wall Street’s Spotlight. Applied Digital Corp. (NASDAQ:APLD) is one of the top performers on Monday. Applied Digital extended its rally for the 11th consecutive day on Monday, as investor sentiment was bolstered by an overall optimism for the artificial intelligence sector. In intra-day trading, Applied Digital Corp. (NASDAQ:APLD) surged to its highest price of $24.85 before paring gains to finish the day just up by 19.38 percent at $24.45 apiece. Applied Digital ...

We recently published 10 Stocks Stealing Wall Street’s Spotlight. Plug Power Inc. (NASDAQ:PLUG) is one of the top performers on Monday. Shares of Plug Power soared for a 9th straight session on Monday, adding 21.56 percent to close at $2.65 apiece, as investors snapped up shares in stocks and industries that would largely benefit from the booming artificial intelligence sector. This followed Nvidia Corp.’s $100 billion investment in OpenAI, which will see the deployment of at least 10 GW of Nvidia system ...