Nvidia stock eyes return to record as investment in AI space continues

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Nvidia stock eyes return to record as investment in AI space continues - Business Standard

Quick Summary:

To be sure, some are yet to be convinced that spending on AI will be enough to continue lifting AI hardware stocks, given they trade at multiples that provide little room for disappointment.

With questions swirling around Federal Reserve policy, the state of the economy and the US presidential race, at least one thing seems clear on Wall Street: spending on artificial intelligence remains a central priority.

Solita Marcelli, chief investment officer for the Americas at UBS Global Wealth Management, estimates that capex from big tech could potentially increase by as much as 25% in 2025, well above the consensus expectation for 10-15% growth.