Posted 2/16/2024, 5:58:06 PM
AI Chip Demand Fuels Tech Stock Surge as Phones Get Smarter
- Nvidia and Arm stocks skyrocketed in 2023-2024 due to high demand for their AI chips
- Nvidia recently surpassed Alphabet to become 3rd most valuable US company
- Huawei has slowed down Mate 60 phone production to prioritize making its Ascend AI chips instead
- AI is becoming a key focus for all major phone makers (Samsung, Google, Apple)
- The rise of AI phones ("AI-phones") will likely make smartphones harder to get and more expensive, similar to how smartphones killed "dumbphones"