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| Name | Nvidia is clearly one of the biggest builders of generative AI infrastructure, strategist says |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 21-06-2024 15:41:40 |
| Video Discription | Nvidia's (NVDA) stock is under pressure Friday as a recent sell-off erases $118 billion of its market cap. This downturn follows the company's brief stint as the most valuable company in US markets. Microsoft (MSFT) is once again the most valuable company heading into Friday's trading session. Moor Insights & Strategy Founder, CEO, and Chief Analyst Patrick Moorhead joins the Morning Brief to share his perspective on Nvidia's outlook. Moorhead draws a parallel between Nvidia's current trajectory and Cisco's (CSCO) rise in the early 2000s. "Cisco was the driver and the builder of the infrastructure for the internet age, and there was over-investment in this space," he explains. Similarly, Nvidia now finds itself as the primary infrastructure provider for the generative AI technology sector. However, Moorhead emphasizes that Nvidia's continued dominance hinges on sustained enterprise demand for their offerings. He cautions if customers stop buying Nvidia's offerings, "then this whole gravy train comes to a screeching halt." Looking ahead, Moorhead states: "If Nvidia and its partners can stick this landing and enterprises can start either leveraging the benefits from enterprise SaaS [Software as a Service] companies... or building their own, then this is going to be a 5 to 10-year run. And maybe we won't see the dot-com bust like we saw years ago." #NVIDIA #STOCKMARKET #AI About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance |
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