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Stock impact report

Raymond James Experts Say Edge AI Was A Key Catalyst For Arm Holdings Plc (ARM) [Yahoo! Finance]

Arm Holdings plc - American Depositary Shares (ARM) 
Company Research Source: Yahoo! Finance
The latest trends in AI stocks reflect optimism about the future of AI technology, with companies like NVIDIA continuing to dominate the space. The stock price of the chipmaker that is famous for selling AI GPUs has surged significantly in the past two years. After tripling in 2023, NVIDIA shares are up another 140% in 2024, pushing the market valuation of the firm close to $3 trillion. Analysts, like those at Bank of America, have increased their price target on the shares to around $1,500, citing the potential of NVIDIA to drive AI growth for years to come. Bank of America analysts believe the conversion of global data centers to AI-accelerated computing could require up to $500 billion annually, with NVIDIA playing a key role in this transformation?. Read more about these developments by accessing Most Important AI Stocks According to BlackRock and AI News You Should Not Have Missed Prominent investment firms appreciate the significance of emerging AI trends. According to a re Show less Read more
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