According to gene Munster, Nvidia's impressive turnaround has the potential to benefit Google, Meta, TSM, and ASML amid rapid advancements in AI technology. He has made it known that the market cushioning from the enormous growth of the AI sector wi

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Munster emphasized the rapid pace of change within the AI industry and identified companies like Taiwan Semiconductor Manufacturing Co.(NYSE:TSM), ASML Holding NV (NASDAQ:ASML), Google‘s parent company Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG), and Meta Platforms Inc (NASDAQ:META) as well-positioned to benefit from this trend.

NVIDIA Corp (NASDAQ:NVDA) is experiencing a remarkable turnaround, and according to Deepwater Asset Management‘s Gene Munster, this success is set to have a ripple effect on other industry players.

What Happened: Munster, a former Piper Sandler analyst, highlighted Nvidia’s recent performance and its implications for the AI sector in an interview with CNBC’s Fast Money.

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Author / Journalist: Kaustubh Bagalkote

Category: Technology

Markets: United StatesTaiwan

Topics: USN070591862 AMD GOOG MU US0079031078 SOXX Benzinga neuro Global News SPY TSM Equities META US38259P5089 US78462F1030 QQQ Jensen Huang Gene Munster Markets Benzinga US67066G1040 US38259P7069 US73935A1043 NVDA ASML US4642875235 ARM GOOGL Kaustubh Bagalkote Tech US8740391003 US5951121038 AI revolution

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Article Type: News Report

Published On: 2024-05-24 @ 05:13:23 (1 months ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 435 words

Reading Time: 3 minutes read

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