Did Apple Just Give Nvidia Investors 1 Billion Reasons to Celebrate?
Apple's recent moves in AI infrastructure could bode well for Nvidia.
For the last couple of years, megacap technology companies have dominated the artificial intelligence (AI) narrative.
Microsoft turned heads with its $10 billion investment in ChatGPT maker OpenAI. Amazon swiftly followed, pouring $8 billion into a competing platform called Anthropic. And then there's Alphabet, which just made its largest acquisition of all time -- a $32 billion purchase of cybersecurity firm Wiz. As smart investors know, cybersecurity has become a major use case in AI applications for Alphabet's cloud platform over the last two years.
While these billion-dollar deals are exciting, no company has benefited more from AI tailwinds than Nvidia (NASDAQ: NVDA). The company's graphics processing units (GPUs) are considered the gold standard for developing generative AI, and big tech just can't get enough.
