Posted 2/13/2024, 9:49:49 PM
Nvidia and Arm Poised to Benefit from AI Boom Amid Persisting Chip Shortages
- Nvidia and Arm shares under pressure amid broader market sell-off sparked by hot CPI data
- Creative Strategies CEO says Nvidia and Arm well-positioned to benefit from surging AI demand amid supply constraints
- Markets have high demand for compute power for artificial intelligence while lacking suppliers
- Nvidia has strong growth projections through 2025 despite supply chain issues
- Expert says chip supply shortages likely to persist in near future