These are other AI plays as Nvidia positions itself as ‘hub’
August 27, 2024
As the semiconductor industry has pushed the market (^DJI, ^IXIC, ^GSPC) to new heights this year, all eyes are on Nvidia's (NVDA) second quarter earnings report, which will be released after Wednesday's market close. Hennion & Walsh CIO Kevin Mahn joins Market Domination to discuss what investors can expect from the chip giant's results and break down the overall state of the semiconductor industry. Mahn expects Nvidia to. beat earnings and revenue expectations, as well as announce increasing growth in its data center business. He argues, "Nvidia is positioning themselves to be the hub of the AI ecosystem in a similar fashion that Amazon (AMZN) became the hub of the e-commerce ecosystem." However, he believes that there are other opportunities outside of Nvidia in the AI ecosystem. He points to Digital Realty (DLR) as one, explaining that it has partnered with Blackstone (BX) to build more data centers. He also highlights Modine Manufacturing (MOD) as another opportunity, explaining that they "supply. scalable, efficient, and flexible cooling solutions to data centers." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl Follow along with Yahoo Finance's latest coverage of Nvidia ahead of its earnings this week: Nvidia earnings are almost here. What investors will look forWhy Nvidia's stock rally is not driving broader market gainsNvidia earnings highlight a busy end of August: What to know this weekNvidia is 'priced for perfection.' Strategist explains whyIf you don't own Nvidia stock, you are missing a revolution, tech investor saysNvidia earnings: One top tech analyst's key metric to watchNvidia gets ready to take over the stock market (again)Nvidia earnings: Rationality is out the window, analyst saysNvidia vs. Alphabet: Strategist picks which to buy & avoidNvidia investing 'aggressively' in R&D: Analyst explains whyNvidia earnings: Options market predicting $300 billion swing in stockNvidia still the best AI chip play right now: AnalystNvidia earnings: What the options market is anticipating4 AI terms Nvidia investors should knowNvidia earnings 'absolutely key to the AI infrastructure trade' Read More...
As the semiconductor industry has pushed the market (^DJI, ^IXIC, ^GSPC) to new heights this year, all eyes are on Nvidia’s (NVDA) second quarter earnings report, which will be released after Wednesday’s market close. Hennion & Walsh CIO Kevin Mahn joins Market Domination to discuss what investors can expect from the chip giant’s results and break down the overall state of the semiconductor industry.
Mahn expects Nvidia to. beat earnings and revenue expectations, as well as announce increasing growth in its data center business. He argues, “Nvidia is positioning themselves to be the hub of the AI ecosystem in a similar fashion that Amazon (AMZN) became the hub of the e-commerce ecosystem.”
However, he believes that there are other opportunities outside of Nvidia in the AI ecosystem. He points to Digital Realty (DLR) as one, explaining that it has partnered with Blackstone (BX) to build more data centers. He also highlights Modine Manufacturing (MOD) as another opportunity, explaining that they “supply. scalable, efficient, and flexible cooling solutions to data centers.”
For more expert insight and the latest market action, click here to watch this full episode of Market Domination.
This post was written by Melanie Riehl
Follow along with Yahoo Finance’s latest coverage of Nvidia ahead of its earnings this week:
