Posted 3/24/2024, 8:00:00 AM
Cathie Wood Warns Nvidia Faces Rising AI Chip Rivals, But Still Sees Growth Paths Despite Potential Slowdown
- Cathie Wood compares Nvidia to Cisco, warning that competition could impact Nvidia like it did Cisco post dot-com bubble
- Nvidia faces rising competition in AI chips from AMD, Qualcomm, and others
- However, Nvidia has first-mover advantage and is diversifying beyond chips into areas like robotics and software
- Nvidia has over $26B cash to invest in new growth areas and optionality outside of semiconductors
- Author believes Nvidia can sustain momentum and growth despite potential for increased competition