Nvidia and Meta Positioned to Capitalize on Booming AI and Digital Ad Markets
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Nvidia's AI chip supply is improving thanks to foundry partner TSMC aggressively expanding production capacity. Nvidia expects AI chip demand to continue outpacing supply.
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Nvidia dominates the $67B AI chip market with 90% revenue share in 2022. Its fiscal 2025 revenue is forecast to jump 83% to $110B.
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Meta Platforms is using generative AI to help advertisers improve targeting and returns. This could help Meta keep taking digital ad market share.
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Meta's earnings are expected to increase at 26% annually over next 5 years, driving a potential 105% stock price increase.
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The digital ad market could reach $1.5 trillion by 2030, presenting strong long-term growth potential for Meta's ad business.