Spending on artificial intelligence (AI) infrastructure is widely expected to keep rising over the next several years. Leading foundry Taiwan Semiconductor Manufacturing projected that its AI chip revenue growth will climb at a mid-to-high 50% annual clip through 2029, while Ark Invest fund manager Cathie Wood recently forecast that data center capital expenditures (capex) would triple to hit around $1.4 trillion in 2030.
Today’s Change
(-0.72%) $-1.39
Current Price
$191.12
Key Data Points
Market Cap
$4.7T
Day’s Range
$189.47 – $194.49
52wk Range
$86.62 – $212.19
Volume
5.6M
Avg Vol
182M
Gross Margin
70.05%
Dividend Yield
0.02%
That all bodes well for AI chip leader Nvidia (NVDA 0.72%), whose graphics…
