Three AI Enablers to Watch as Nvidia Unveils Surprise
Nvidia Corp. set to announce quarterly results, high expectations in AI market
Nvidia Corp. is gearing up to unveil its latest quarterly results, with the anticipation running high among investors and experts alike. The tech giant has established its dominance in the GPU market for AI technology, making its performance a topic of keen interest in the financial world.
Ken Laudan, portfolio manager at the Buffalo Large Cap Fund, has suggested three additional stocks for investors to consider within the AI market. As Nvidia’s quarterly sales are projected to triple year-over-year, there is also a slight indication of a potential slowdown with a 13% increase from the previous quarter.
However, Laudan remains optimistic about Nvidia’s performance, predicting another strong quarter with numbers expected to surpass the consensus estimates. The high demand for GPUs in datacenters is believed to be a driving force behind Nvidia’s success in the coming months.
In discussing the emerging trend of “AI enablers,” Laudan advises investors to explore companies involved in network communications, data storage, and power management. He highlights three AI enabler stock picks from the Buffalo Large Cap Fund, including Coherent Corp. (COHR), Pure Storage Inc. (PSTG), and Eaton Corp. PLC (ETN).
These companies specialize in manufacturing optical transceivers for datacenters, offering flash storage arrays for commercial use, and providing power management components for datacenters, respectively. Laudan stresses the importance of considering companies beyond Nvidia in order to fully capitalize on the growth potential within the AI market.
As the AI industry continues to expand and evolve, investors are urged to diversify their portfolios and explore promising opportunities beyond the well-known tech giants. With Nvidia’s upcoming results expected to make waves in the market, the spotlight is also shifting towards other key players in the AI landscape.
“Hardcore web nerd. Twitteraholic. Analyst. Reader. Coffee guru. Travel ninja. Amateur troublemaker. Zombie geek.”
