Nvidia (NASDAQ:NVDA) is redefining the AI investment game, pouring $1 billion into 50 AI-focused startups in 2024 alonemore than Amazon and Microsoft combined. The company is everywhere AI is thriving, backing major players like OpenAI and CoreWeave while powering generative AI giants like Elon Musk's xAI with its H100 GPUs. Nvidia's dominance isn't just about chips; it's about building an ecosystem that's unmatched. But with great power comes regulators. Antitrust probes from the U.S., EU, and UK are breathing down Nvidia's neck, questioning whether its acquisitions and market control are stifling competition. Nvidia? Unfazed. It's letting its numbers do the talking, posting a jaw-dropping $35.1 billion in revenue last year.
Big money is backing Nvidia's play. Bank of America (NYSE:BAC) has Nvidia locked and loaded as 2.70% of its portfolioan endorsement that screams confidence. With a Buy rating and a $190 price target, BofA is betting big on Nvidia's leadership in AI, gaming, and data centers. The message is clear: Nvidia isn't just riding the AI wave; it's driving it. And with CES 2025 on the horizon, where Nvidia is set to flex its next-gen Blackwell GPUs, the tech world is bracing for what could be another game-changing year.
Meanwhile, partnerships like the one with Cerence (NASDAQ:CRNC) are proof Nvidia's ecosystem is spreading like wildfire. Cerence's automotive large language models are now powered by Nvidia's AI Enterprise, pushing the limits of generative AI for automakers. Nvidia isn't just selling chipsit's shaping industries. As the company balances record-breaking growth with regulatory hurdles, investors are watching closely. Nvidia's story isn't just about the AI revolution; it is the revolution.
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