Nvidia Stock Poised To Rise Amid Strong AI Investments By Hyperscalers, Says Top Investor

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Nvidia Stock Poised To Rise Amid Strong AI Investments By Hyperscalers, Says Top Investor - Benzinga

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Del Monte also highlighted the industry’s current focus on model optimization, which he expects will encourage domestic AI developers to speed up growth and sustain their leadership in AI.

He stated that no hyperscaler has reduced its capital outlay for computer and data centers, which bodes well for Nvidia, reported Market Insider.

He predicts that AI capital expenditures will increase by nearly 40% year-over-year to reach $313 billion this year, with growth expected to stabilize at these levels in subsequent years.