Final paras in that AUST article:
‘…..Hermann Hauser, the founder of Arm, said: “This is one of those events that comes round every decade or so … Nvidia is making hay while the sun shines … but there will be opportunities outside of Nvidia.”
Dan Ives, an analyst at Wedbush, said Nvidia was the best indicator of underlying AI demand in the market, which it said was the “core hearts and lungs of the AI revolution”.
“Wall Street was awaiting Nvidia’s quarter [earnings] and guidance to gauge the magnitude of this AI demand story, with many sceptics saying an AI bubble was forming, and instead Jensen & Co delivered guidance for the ages.
“In 22 years of covering tech stocks and large caps, we have never seen a guidance range of this magnitude on a large-cap tech name and this speaks to our thesis that the monetisation of AI for stalwarts like Microsoft, Alphabet, Amazon, Oracle, Meta, Apple and Salesforce is well under way in this Game of Thrones battle among tech players.”
The Times
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