NVIDIA is invested in these campaigns and works closely with this artificial intelligence player.
The company recently reported a quarter -income that has grown from triple from the year.
10 shares we like more than Coreweave ›
Nvidia(NASDAQ: NVDA) Over the past few years, he has become a player of famous artificial intelligence (Ai), selling the most coveted chips on the market. This results in a rapid increase in earnings and stock price. However, Nvidia is not just about selling AI products and services. The company, like you and I, also invest in stocks that could be useful for the AI revolution.
Yes, Nvidia is also an investor. The $ 4.3 billion investment portfolio includes six AI related shares – and one of them is distinguished by a huge sentence, as it accounts for 91% of this portfolio. Nvidia owns 24 277,573 shares of the company, which equates to more than $ 3.9 billion to market value. And Nvidia is not one of its optimism about the future of this AI player. According to one Wall Street analyst, these stocks can increase by 35%over the next 12 months. Let’s look at this NVIDIA -backed Stock to buy before it does.
Image Source: Getty Images.
First, however, a quick note as to why we should consider stocks that NVIDIA supports. As mentioned, Nvidia is a giant on the market, and this company not only follows its chips design. NVIDIA also has extensive communication with customers and governments and has a finger on the AI market pulse. The company is well aware of what future demand will look like, as it has recently predicted that II infrastructure costs can reach $ 4 trillion until the end of the decade.
This means that Nvidia knows how to notice a strong AI company. In addition, Nvidia is actually “putting its money where the mouth is” to use an old expression and invested a lot in the company. With this in mind, it is a great idea to look at this AI growth history.
So which NVIDIA -backed company can be on the way to a big profit? I speak Coreweave(Nasdaq: CRWV)Cloud supplier GPU-A-A-SERVICE (GPUAAS) on the market. GPU or graphics processing devices are the main AI chips to promote critical tasks such as the teaching and conclusions of large language models. GPUAAS allows customers to rent a calculation when needed, and they like it because it allows them to limit costs and increase efficiency.
Citizens JMP analyst Greg Miller has recently increased his recommendation for Coreweave to “surpass” the market price of $ 180 and based on a growing acceleration on the market. This goal increases 35%compared to the cost of closing the shares on September 22.
In order to understand the potential of Coreweave, it is very important to take a closer look at the GPUAAS market and the company’s relationship with GPU leader NVIDIA. The GPAAAS market is expected to increase when the annual growth rate will increase by more than $ 73 billion over the next seven years in the next seven years.
Coreweave is an expert in the field whose cloud platform is designed specifically for AI workloads, which can help stand out from larger cloud service providers offering many other services that exceed its customers. Coreweave also has another advantage, and it is a close relationship with NVIDIA. The Chip Giant is not only an investor in Coreweave Stock, but also supports the company in other ways. For example, Coreweave was the first to make Nvidia innovations that are usually available to customers. And in a recent agreement, NVIDIA stated that she would buy any cloud capacity Coreweave could not sell to others by 2032. This eliminates the core risk from the history of Coreweave.
Coreweave shares have already grown and increased by more than 230% of the initial public offer in March, but like Greg Miller, a NVIDIA and Citizens JMP spokesman, I do not think that profit is over. The company has reported strong growth, and in the last quarter the revenue has tripled, and the overall demand for AI capabilities supports the idea to grow more.
All this means that now that this NVIDIA -backed player is 35%increasing, it is a great time to get involved in history and eventually maintain it as the Ai boom continues.
Consider this: Coreweave before buying stocks:
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Adria Cimino has no position in any of the above shares. Motley fools hold positions and recommend NVIDIA. The Motley fool has a disclosure policy.
1 NVIDIA supported AI stocks to buy before it has grown 35%, says Wall Street analyst initially released by The Motley Fool
