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Nvidia's Potential $50 Trillion Valuation, Tesla And xAI's AI Expansion Plans, And Microsoft's Trillion-D

iconBenzinga

2024-07-21 12:03

The week saw major tech developments, from Nvidia's potential $50 trillion market cap to calls for data center overhaul and Microsoft's iPhone moment.

  The week was abuzz with major developments in the tech world, with a particular focus on artificial intelligence (AI). From a bold prediction about Nvidia Corp. NVDA‘s future market cap to calls for a complete overhaul of data center infrastructure, and Microsoft Corp.MSFT having its “iPhone moment,” the stories were as diverse as they were impactful. Let’s dive into the details.

  Nvidias Potential $50 Trillion Worth

  James Anderson, an early investor in Tesla Inc.and Amazon.com Inc., predicted that Nvidia could reach a market capitalization of nearly $50 trillion in the next decade. Anderson‘s optimism is based on Nvidia’s pivotal role in the growing demand for AI chips, which are essential for advanced generative AI models. This demand has driven Nvidias shares up by 168% since the start of the year, pushing its market value above $3 trillion.

  AI Boom Sparks Infrastructure Redesign

  Jacky Liu, President of Taiwans leading data center operator, Chief Telecom, called for a complete redesign of data center infrastructure to support the demands of AI servers. Liu believes that the current infrastructure is inadequate and requires massive upgrades to accommodate the AI boom.

  Read the full article here.

  See Also: How To Fix CrowdStrike Issue Causing Blue Screen Of Death On Your Windows PC

  Microsofts Trillion-Dollar Tech

  Wedbush Securities' Daniel Ives referred to the current era as Microsofts “iPhone moment.” As the AI revolution gains momentum, Ives and other analysts predict a significant boost to Microsoft's valuation, potentially adding $1 trillion to its market cap.

  Read the full article here.

  Tesla and xAIs AI Expansion Plans

  Elon Musks Tesla TSLA and xAI are seeking networking engineers and technicians, with a focus on Memphis for elite fiber tech roles. Memphis, known for its thriving tech industry, is home to several fiber optic networks, making these roles highly desirable for tech professionals.

  Read the full article here.

  Microsoft Outpaces Apple with AI Tool

  Microsoft has launched its AI image generation tool, Microsoft Designer, as a free iOS app, ahead of Apple Inc.AAPL. The tool, which was in preview for nearly a year, is now available to all users across multiple platforms.

Disclaimer:The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.