AI News, The Zacks Analyst Blog Highlights: Twilio and Nvidia artificial intelligence
NVDA Sep 2019 220.000 call
In an economy that is becoming increasingly immersed in artificial intelligence (AI), the question that investors might be wondering is "what's next?"Source: michelmond / Shutterstock.com Since 2016, NVDA has started to look like a high-flying growth stock and not a fairly predictable semiconductor company.
The Market Already Recognizes NVDA as a Leader in AIBack in May of 2017, many people including InvestorPlace contributor Larry Ramer were saying that Nvidia stock, which was up about 200% for the year at the time, was already pricing in the benefit of the AI revolution.
In July 2017, Nvidia and Baidu (NASDAQ:BIDU) announced a partnership that would allow Baidu to use Nvidia's technology for cloud computing service, self-driving vehicles, and AI home assistants.But since the onset of the trade war with China, analysts are wondering if NVDA will lose access to this all-important market.
This means that hundreds of developers worldwide will use NVDA's AI platform to advance their own language understanding research and create new services.This initiative alone will seed the company more deeply into the growing Internet of Things (IoT) space.
If estimates are correct, IoT revenue will top $373 billion in 2020 and hardware, like the kind Nvidia provides, will account for 52% of those sales.This came after Nvidia's announced partnership in April of 2018 in which ARM will use Nvidia's open-source Deep Learning Accelerator (NVDLA) in its Project Trillium platform.
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The Zacks Analyst Blog Highlights: Berkshire Hathaway, Johnson Johnson, NVIDIA, Booking and Fidelity
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