Twitter Influencers Expect NVIDIA Enduring Dominance in AI Industry, Reveals GlobalData
NVIDIA Corp has become the first chipmaker to ever reach a staggering $1 trillion market capitalization, driven by the soaring demand for artificial intelligence (AI) chips. The company’s stock price experienced a surge of over 25% in a single day on 25 May, and this upward momentum continues unabated. As its remarkable earnings results continue to captivate the business world, NVIDIA’s triumph has reverberated across social media platforms. Numerous industry experts expect the company to likely dominate the AI industry, reveals the Social Media Analytics Platform of GlobalData, a leading data and analytics company.
Against this backdrop, social media discussions on Twitter related to NVIDIA surged 140% in the last week of May over the previous week. While some influencers consider the valuation as overpriced, others believe that the company’s exceptional growth prospects justify its current valuation.
Smitarani Tripathy, Social Media Analyst at GlobalData, comments: “With its substantial market share in GPUs for machine learning and a growing interest in the boundless potential of generative AI, the company is poised to exert a profound influence on the AI industry, opine most of the Twitter influencers.
“Furthermore, NVIDIA’s strategic plans to maintain its leading position in generative AI continue to experience explosive growth further solidify its advantage. Only a handful of experts acknowledge the potential threat of competition from smaller players, further underscoring NVIDIA’s dominant position in the AI landscape.”
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Below are a few popular influencer opinions captured by GlobalData’s Social Media Analytics Platform:
- Daniel Newman, CEO of The Futurum Group:
“A monster day for $NVDA. #AI is going to change every industry. The @nvidia result is indicative of an arms race to build out infrastructure to support the next wave of growth fueled by AI.”
- Evan Kirstel, Tech Influencer:
“Driven by huge demand in accelerated computing and generative #AI, #Nvidia experienced a 26% surge in its share price Thursday, placing it on track to become the fifth U.S. publicly traded company valued above $1 trillion!”
- Aron Levie, CEO at Box:
“NVIDIA just added $200 billion in market cap after hours. It appears that AI is going to need a lot of GPUs.”
- Pierre Ferragu, Managing Partner at New Street Research:
“Nvidia’s datacenter GPU are best-positioned to capture the next wave of AI infra. deployment. They have >90% share today, and competition, from smaller players or in-house chips, can only capture a minority of the opportunity, as they lack the ecosystem and scale of Nvidia”
- Martin Migoya, CEO at Globant:
“$NVDA foundation models as a service coming. Not just Impressive results & value creation, but also impressive plans for the future ?”
- Tomasz Tunguz, Venture Capitalist at Theory VC:
“Nvidia’s surge reveals in public market the enthusiasm & euphoria over a new technology that could produce 1000x more GDP gains than the personal computer.”
- David Ha, Head of Research at Stability AI:
“I’m not sure if NVIDIA will be the only winner, but what is clear is that the world will need MUCH more hardware AI accelerators. My prediction is that the AI boom will lead to huge structural shift to supply/demand cycles in the semiconductor sector, benefiting “shovel makers.”
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