The 25th anniversary of the dot-com bubble's peak on March 24, 2000, has drawn parallels with today's market, particularly in the realm of artificial intelligence (AI). The S&P 500 reached a high of 1,527.35 points before the bubble burst, leading to a significant market correction. In the current market, AI stocks have seen substantial growth, with $22 trillion added to the S&P 500 since 2022. However, concerns about overvaluation and market volatility are reminiscent of the dot-com era, as investors grapple with the potential of AI technologies. Nvidia Corp. remains a key player in the AI sector, with its stock experiencing gains and slips amid optimism for AI chips and concerns over tariff risks. The company is betting heavily on U.S. AI manufacturing, with a $500 billion investment aimed at new AI chips and shifting supply chains, targeting competitors like Huawei. Nvidia CEO Jensen Huang has announced plans for powerful chips, AI factories, and smart robots at Nvidia Quantum Day, signaling the company's focus on quantum computing. Apple Inc. has entered the AI data center race with a $1 billion investment in Nvidia's GB300 NVL72 systems, partnering with Dell Technologies Inc. and Supermicro Inc. This move, according to Loop Capital analyst Ananda Baruah, signals Apple's commitment to AI infrastructure, potentially boosting Nvidia's revenue growth. Cerebras Systems is also scaling up its AI inference capabilities, launching new data centers across North America and Europe, with industry leaders like Mistral, Perplexity AI, and Hugging Face leveraging its infrastructure.
Huang revealed that Nvidia has big plans for quantum computing in the coming year, highlighting it as an important tech market. But he did something unexpected that took the industry by surprise: https://t.co/cxZsngPjCt https://t.co/Z98rd8X7KL
Apple turning to NVIDIA is a massive sea change for the company finally acknowledging its inability to execute its AI product development on alternative platforms. For me, this commitment from Apple signifies it is turning its resources and attention to fixing Siri, Apple https://t.co/RAsa4GDlZR
Buy and hold these four AI stocks, says $58 billion global fund manager https://t.co/irMxjFfzhY