Microsoft also has disclosed plans to launch an AI version of its Bing search engine powered by ChatGPT. It is a good bet it will be using AI in many of the company’s products and services.
Shareholders receive a 0.81% dividend. Credit Suisse has set its price target at $420. The consensus target is $343.51, and Microsoft stock closed at $338.15 on Wednesday.
Nvidia
This top company is making the chips that supply the incredible computing power required to run complex AI applications. Nvidia Corp. (NASDAQ: NVDA) provides graphics and computing and networking solutions in the United States, Taiwan, China and elsewhere.
Its Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/Nvidia RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds.
Its Compute & Networking segment provides data center platforms and systems for AI, HPC and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and Nvidia AI Enterprise and other software.
The company’s products are used in gaming, professional visualization, data center and automotive markets. It sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups and other ecosystem participants.
Nvidia stock has a $500 target price at Morgan Stanley. The consensus target is $473.44. The shares closed on Wednesday at $423.17.
Artificial intelligence is here to stay, and there will continue to be heated discussions of the pros and cons concerning the industry and the countless applications and solutions that can and will be provided. Elon Musk founded OpenAi in 2015 and left the board in 2018 and has cut ties with the company. He has had some harsh words from some of the so-called woke issues arising from the technology and is working on his own “anti-woke” AI to rival the company. That proves that we are still in the formative years, and big money will be made in the future.
Originally published at 24/7 Wall St.
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