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There’s an AI war, and Nvidia is the only arms dealer: Analyst


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"Shares of Nvidia (NVDA) rocketed more than 26% on Thursday, as the graphics chip maker rides the generative AI explosion. The rip higher comes after the company reported better-than-expected first-quarter earnings Wednesday, and pointed to a dramatic acceleration in data center revenue in the current quarter.

Nvidia is the leading AI chip maker thanks to years of investments in AI technologies. And according to Raymond James managing director Srini Pajjuri, the company isn’t going to lose that title anytime soon.

“There’s only one supplier of GPUs, and Nvidia has been investing in this market for the last 10 years. They not only have the chips, they have the systems, the software, it’s a full stack solutions company,” explained Pajjuri.

“In the short term, Nvidia is the only game in town,” he said.

NVIDIA Corporation (NVDA)
NasdaqGS - Nasdaq Real Time Price (USD)
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378.80 -0.99   (-0.26%)
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7:49PM EDT

Nvidia beat analysts’ expectations on the top and bottom line in Q1 thanks to its data center business, which brought in $4.2 billion in revenue versus the $3.9 billion Wall Street was anticipating. That was better than the same quarter last year when the company reported data center revenue of $3.8 billion."



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