"With more than $650 billion to spend on CapEx, with much of it aimed at AI initiatives, and plenty more to account for from other firms that haven't yet committed to an annual budget, I do think that Nvidia and the competition look well-positioned to ride this AI wave higher through 2026. What's more, though, is that Nvidia is no longer just a play on AI hardware; it's become quite the powerful software and platform play."
"In these early days, Nvidia has shown that it is such a batter that's ready to step up, perhaps above everybody else who's still sitting comfortably on the bench, eating a few sunflower seeds, waiting to see what kind of hit Nvidia can deliver before grabbing the bat. In any case, I think much of the AI chip upside is already priced into Nvidia stock at these levels."
Nvidia leads the AI GPU market and has approval to sell certain chips into China, creating incremental sales opportunities. U.S. firms plan over $650 billion in CapEx largely targeted at AI, positioning Nvidia and competitors to capitalize through 2026. Nvidia has evolved from primarily a hardware vendor into a significant software and platform provider, strengthening its role in AI infrastructure. The growth of physical AI and robotics over the next three to five years is likely to create demand for platform providers. Current Nvidia stock appears to reflect much of the AI chip upside, while a broader physical AI ecosystem could drive further gains.
Read at 24/7 Wall St.
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