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NVIDIA Corporation (NVDA) Remains in a Very Favorable Position in the AI Market, Longtime Investor Says [Yahoo! Finance]

NVIDIA Corporation (NVDA) 
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Company Research Source: Yahoo! Finance
Moreover, the firm's recent deal with the Saudis should boost the stock, Snipe believes. Snipe is the Principal of Odyssey Capital Advisors. Still a Top Name in AI During NVIDIA Corporation (NVDA)'s last earnings call, the company noted that it expected to benefit from "about $1 trillion of (capital spending) over the next few years on AI factories," the investor noted. As a result, Snipe believes that the company continues to be poised to benefit tremendously from the AI Revolution. "A Boost" From the Saudis Saudi Arabia's sovereign wealth fund recently agreed to utilize hundreds of thousands of NVDA's AI chips in the data centers that it's building. NVIDIA Corporation (NVDA) has gotten "a boost" from the news, said Snipe, adding that the deal "is going to be powerful" for the tech giant. Wapner Provides Background Information NVDA stock has climbed "above its 200 day moving average for the first time since February (and) its market cap is back above $3 trillion, "not Show less Read more
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