Summary:
• Goldman Sachs is searching for the next Nvidia;
• The asset manager’s focus is on emerging markets;
• With the influx of huge capital, the AI market is growing at a rapid pace.
Given the remarkable performance and frenetic performance of AI-based company Nvidia, Goldman Sachs is currently looking for the next wave of AI companies that can produce similar results.
Goldman Sachs eyes outperformance in AI investment opportunities
Investors are now looking to other emerging markets outside the United States to find better value and larger AI markets.
Goldman Sachs, specifically its asset management arm, has explicitly sought to acquire stakes in makers of AI supply chain components such as cooling systems and power supplies.
Others, such as JPMorgan Chase, have established relationships with traditional electronics manufacturers that are gradually transforming themselves into leaders in the AI field.
On the other hand, Morgan Stanley's investment managers are betting on companies where artificial intelligence is revolutionizing business models in non-tech-based industries. Jitania Kandhari, deputy chief investment officer at Morgan Stanley Investment Management, said AI has been seen as a key growth driver for emerging markets.
Kandhari added. “While we have previously invested in direct AI beneficiaries like semiconductors, looking for companies in different industries that are adopting AI to improve their earnings will be key going forward.”
Nvidia gains industry dominance
Nvidia, the de facto reference tech giant for these big money managers, is also one of the AI companies that has achieved outstanding results in recent months.
The company became a talking point in the House of Representatives in February after reaching a market value of $2 trillion, a figure that helped Nvidia surpass Amazon and Google's parent company Alphabet.
The global GPU manufacturing giant has a close relationship with the Chinese market, where it supplies its AI chips.
The company recently demonstrated its AI superchip, Blackwell, at the GTC conference in San Jose, California.
It is worth noting that the Blackwell superchip series is a revolutionary project that aims to revolutionize the field of AI and bring unparalleled performance and functionality to users. It consists of 208 billion transistors and is designed to meet the needs of high-end AI-driven applications, providing greater processing power, efficiency and versatility.
This newly launched product has already attracted attention and threatens the performance and status of other technology companies. #高盛 #AI
