Goldman Sachs analyst James Schneider has issued recommendations for investing in AI companies, including Nvidia.
Investment Prospects in AI
James Schneider from Goldman Sachs noted that AI is starting to generate profits, which supports large investments in this sector. The analysts report that $350 billion has already been invested in AI infrastructure, with early signs of revenue growth.
Key Recommendations from Goldman Sachs
Goldman Sachs analysts recommend investing in companies such as Nvidia, Broadcom, Cadence, and Synopsys, which exhibit strong performance and efficient AI software. Schneider also highlighted that despite the positive outlook, AI won't become widely accessible for general use in the near future.
Market and Competition in AI
The analysts noted that electronic design automation (EDA) companies, which create software for chip design, are poised to aid the growth of AI. They expressed optimism about the future of the AI market, despite risks from US-China tensions.
In conclusion, Goldman Sachs analysts believe that AI will continue to develop and generate income, supporting investments in chip and EDA software companies.
