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What Drives Nvidia's Growth?

Better Artificial Intelligence (AI) Stock: Broadcom vs. Nvidia Stock

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  Two of the biggest names in artificial intelligence (AI) investing are Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO). Both companies' businesses benefit significantly from the AI arms race, which is why investors are so interested in them.


The article from AOL discusses the investment potential in two major AI companies, Nvidia and Microsoft, as of early 2023. It highlights Nvidia's significant growth due to its GPUs being crucial for AI applications, with its stock soaring by 179% in the previous year. Nvidia's CEO, Jensen Huang, emphasized the company's focus on AI, particularly in generative AI, which has driven demand for their products. On the other hand, Microsoft has been integrating AI into its vast ecosystem, notably through its partnership with OpenAI, enhancing its Azure cloud services and other products like Bing and Office. Microsoft's stock also saw a notable increase, though less dramatic than Nvidia's, with a 44% rise. The article suggests that while Nvidia might offer higher growth potential due to its direct involvement in AI hardware, Microsoft provides stability and broad AI application across its services, making both compelling choices for investors interested in AI.

Read the Full AOL Article at:
[ https://www.aol.com/better-artificial-intelligence-ai-stock-120000845.html ]