Nvidia Stock: BofA Names It A Top AI Winner As $1 Trillion Cloud Spending Nears
Photo: Coinpedia
Bank of America has named Nvidia, Intel, Marvell Technology, Micron, Lam Research and Synopsys as likely beneficiaries of continued AI infrastructure spending, even as the group fell sharply on Thursday. Marvell dropped 8.29%, Intel 6.44%, Micron 4.78%, Synopsys 3.99% and Nvidia 3.93%. BofA’s Vivek Arya said the spread of open-weight AI models, whose parameters developers can freely access, should increase demand for computing hardware because running them still needs substantial processing power.
Source: Coinpedia
