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

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Article Type: News Report

Published On: 2024-05-24 @ 05:13:23 (3 weeks ago)

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News Source URL: benzinga.com

Language: English

Article Length: 435 words

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