What happened? Artificial Intelligence (AI) = Nvidia? The first name that many investors would think of when discussing the AI boom is inevitably Nvidia (NVDA). It is no wonder that Nvidia’s share price more than tripled in 2023, with gains of 246%. Source: Webull Clearly, the wider adoption of AI has led to improved sentiment towards the stock. According to AMD, another leader in the AI chip market, demand for data centre AI chips could grow to US$400 billion in 2027 from US$45 billion currently. Will Nvidia’s stock continue to do well with rising demand for its chips in 2024? Let’s dive deeper to find out. What investors may like about Nvidia (NVDA) #1 Technology leader in the data centre space Nvidia’s ascent to the leader in the high power computing and data centre sector began before the AI frenzy in 2023. Nvidia and AMD have been eroding Intel’s market share ever since both companies entered the data centre segment. The inflection point...