As another week draws to a close, the world of technology remains abuzz with developments in artificial intelligence (AI). Dominating the headlines is Nvidia Corp. NVDA, with analysts predicting a bright future for the company’s AI projects. Meanwhile, tech moguls like Elon Musk and Michael Dell share their thoughts on the rapid evolution of AI. Here’s a quick overview of the main stories.
Nvidia’s AI party is just beginning
Despite Nvidia’s recent rise to become the world’s largest company, surpassing Microsoft Corp. MSFT, Bank of America equity analyst Vivek Arya maintains a positive outlook on the chipmaker. Arya believes that while Nvidia’s surge could lead to short-term profit-taking, the resulting volatility would likely be short-lived due to the company’s robust fundamentals and attractive valuations. Read the full article here.
Nvidia CEO’s Advice to Graduates
Jensen Huang, CEO of Nvidia, recently encouraged Caltech graduates to seek out untapped markets and view setbacks as opportunities for growth. Speaking at Caltech’s graduation ceremony, Huang shared his experiences in the technology industry, emphasizing the importance of identifying and investing in “zero billion dollar markets,” which have the potential to become billion-dollar industries in the future. Read the full article here.
Nvidia shorts at the bottom
Despite a recent pullback, investors betting against Nvidia over the past year or since the start of 2024 are in sharp decline. A recent Nvidia stock split increased the semiconductor giant’s outstanding share count, potentially preventing a short sale of the stock. Read the full article here.
Musk praises the godfather of AI
Elon Musk, CEO of Tesla Inc. TSLA, recently shared an excerpt from an interview with Geoffrey Hinton, known as the “godfather of AI,” praising him for his superior intellect and sharing his concerns about AI’s potential to outsmart humans. Hinton stressed the need for the tech industry to invest significantly to combat the potential threat of AI surpassing human intelligence. Read the full article here.
Michael Dell on the rapid rise of AI
Michael Dell, CEO of Dell Inc. DELLcompared the impact of generative AI to other significant technological advances, suggesting that AI adoption is occurring at a much faster pace than the rise of the Internet in the mid-1990s. Read the full article here.
Image via Shutterstock
This story was generated using Benzinga Neuro and edited by Rounak Jain
