5 big analyst AI moves: Microsoft and NVIDIA reign supreme
Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.
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Microsoft Corporation (NASDAQ:MSFT) unveiled a series of new AI products at its Ignite conference. Among the notable announcements are AI Copilots for Azure and Service.
The Redmond-based tech titan is also working on internally designed semiconductors tailored for both AI and general-purpose workloads.
“Microsoft continues to be a first mover in bringing generative AI to customers, and the progress highlighted at Ignite today affirms our outlook that the company can continue to capitalize on the expanding opportunity it has in front of them,” Barclays analysts said.
NVIDIA Corporation (NASDAQ:NVDA) announced the new HGX H200 AI accelerator, which is an upgrade to the current H100.
Bank of America analysts reiterated a Top Pick designation on Nvidia stock following the announcement. They highlight that H200 is compatible with its predecessor H100 installations, enabling faster time to market.
“We view [this] as critical, as hyperscalers do not need to invest to reconfigure their existing hardware platform, incentivizing customers to remain key partners of NVDA,” analysts wrote.
Morgan Stanley analysts discussed potential GenAI winners in 2024 with Meta Platforms Inc (NASDAQ:META) seen as a strong mega-cap candidate.
“We continue to follow the multi-year phasing of investing in tech cycles (semi-conductors, infrastructure, then software) but in ’24 we look for more investor focus on material incremental ROIC of AI investments.
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