Posted 3/11/2024, 11:28:35 AM
Nvidia Sell-Off Not Sign of AI Bubble Bursting; Wall Street Underestimates Coming AI Boom
- Nvidia sell-off not indicative of AI bubble, part of digestion as Wall Street underestimates AI power
- AI revolution now starting, major growth ahead for tech sector led by software/use cases
- Tech stocks will have ups and downs, healthy process
- AI total addressable market over $1T; hitting enterprise first then consumer
- AI spending estimated at 8-10% of IT budgets in 2024, boosting software and cybersecurity stocks