Nvidia's AI Super Chip Fuels Soaring Stock and Industry Growth
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The U.S. stock market is witnessing a significant increase in AI-related investments, with a focus on the semiconductor sector.
Nvidia, a leading company in the industry, is seeing heightened demand for its data center chips, notably the GB200 super chip designed for AI applications.
Nvidia's data center business now accounts for more than 75% of its total revenue, indicating a shift towards AI-centric products.
Analysts forecast Nvidia's GB200 chip to generate substantial annual revenue, ranging from $90 billion to $140 billion.
The semiconductor industry's recovery is bolstering Nvidia's market position, with analysts assigning an overweight rating and a new price target of $1,200.
The trend in AI investment is part of a broader industry movement towards embedding real-time smart processing in everyday tech.
Summary based on 19 sources
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