Down 28%, Should You Buy the Dip on Nvidia?
Few technologies captured the market's attention quite like artificial intelligence (AI) over the course of the last few years. It comes as no surprise, however, given the enormity of the technology's potential power -- at least according to its ambassadors. The Sam Altmans (CEO of OpenAI) and Dario Amodeis (CEO of Anthropic) of the world see a not-too-distant future in which their products transform our economy and fundamentally reshaped the way most firms do business.But have you ever met a tech CEO that doesn't claim their company is changing the world? It's a good thing that AI optimism extends well beyond the C-suites of Silicon Valley. Investors can take comfort in the fact that organizations from the International Monetary Fund to the United Nations have made clear they believe AI will have a massive impact.The not-so-secret sauce powering this AI revolution are the uber-powerful chips the technology demands. When you ask ChatGPT how to make the best roast chicken (hint: mix a little baking powder and salt to get that skin extra crispy), a hive of graphics processing units (GPUs) spring to life in a many-football-fields-sized data center somewhere in rural America. I'm not kidding: Meta Platforms is building one in Louisiana, on which you could lay 70 football fields. As you can imagine, to fill such an area, companies need to purchase a lot of GPUs.Continue reading
Few technologies captured the market's attention quite like artificial intelligence (AI) over the course of the last few years. It comes as no surprise, however, given the enormity of the technology's potential power -- at least according to its ambassadors. The Sam Altmans (CEO of OpenAI) and Dario Amodeis (CEO of Anthropic) of the world see a not-too-distant future in which their products transform our economy and fundamentally reshaped the way most firms do business.
But have you ever met a tech CEO that doesn't claim their company is changing the world? It's a good thing that AI optimism extends well beyond the C-suites of Silicon Valley. Investors can take comfort in the fact that organizations from the International Monetary Fund to the United Nations have made clear they believe AI will have a massive impact.
The not-so-secret sauce powering this AI revolution are the uber-powerful chips the technology demands. When you ask ChatGPT how to make the best roast chicken (hint: mix a little baking powder and salt to get that skin extra crispy), a hive of graphics processing units (GPUs) spring to life in a many-football-fields-sized data center somewhere in rural America. I'm not kidding: Meta Platforms is building one in Louisiana, on which you could lay 70 football fields. As you can imagine, to fill such an area, companies need to purchase a lot of GPUs.
