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Nvidia and Alphabet’s AI Growth Potential
Nvidia has experienced a staggering 29,000% growth in stock price over the past decade, primarily due to its advancements in AI chip technology. As of now, Nvidia is poised to maintain its position as a leading AI chip designer, with CEO Jensen Huang predicting AI infrastructure spending could reach $4 trillion by the end of the decade.
Alphabet has also been leveraging AI, particularly through its cloud services. In the latest quarter, Google Cloud revenue surged by 32% to exceed $13 billion, with large deals worth over $1 billion doubling year-over-year. Alphabet is recognized for its stronghold in search, holding over 90% market share, and generated $71 billion from advertising in the last quarter, contributing over 70% of total sales.
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