From Silicon to Software: A Quick and Easy Guide to AI Investing This Spring
Summary
Not only that, but since the earnings release, Broadcom announced a third ASIC customer, which is no doubt a large tech company set to grow a lot in the coming years. On a recent conference call with analysts, CEO Hock Tan said he sees VMware growing by double digits sequentially each quarter through this year. This premium product is an integrated software stack that virtualizes all aspects of a customers computing, storage, networking, and even AI GPUs in their on-premise data centers. As the superpower responsible for kicking off the AI race, Nvidias name (rooted in the Latin "invidia" for envy, the feeling the co-founders, including CEO Jensen Huang, wanted to inspire among competitors) has become a self-fulfilled prophecy as the semiconductor industry and tech sector at large have fallen into the companys orbit. Given Nvidias absolute dominance up to this point, this gargantuan opportunity is why the company now fetches an absurd-looking $2.3 trillion market cap -- or 37 times current-year expected earnings per share.