Nvidia (NVDA) is the next Big Tech stock on the docket to report earnings on Tuesday, November 21. The chipmaker is not stopping in its investments in AI infrastructure. Stifel Applied Technology Analyst Ruben Roy joins Yahoo Finance Live to take a closer look at global demand for AI semiconductor chips and who are the key frontrunners.
Roy explains Nvidia should be able to navigate export restrictions on chip shipments to China while meeting strong global demand, emphasizing that “there is quite a bit of demand.”
Competition is increasing as Microsoft (MSFT) is in the midst of developing its own AI chips, but Nvidia still has the best tech for now, Roy argues. Roy states plainly that he doesn’t expect anything “meaningfully negative” for Nvidia in the near future despite development from Microsoft and other competitors.
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Great stuff
Always informative
Keep up the good work 🏁