If there is an AI bubble, it is nowhere in sight.
Before 2025, the biggest question for Nvidia (NVDA -3.12%)) is whether the superstar of the artificial intelligence chip (AI) can continue to grow at a frantic pace.
Some investors have argued that an AI bubble is formed, and it is proven that the new technology follows the traces of the previous bubbles in part due to the spectacular growth of certain IA stocks. Nvidia has been the Drapeau du Boom de l’IA so far after having posted several quarters of three-digit income growth, and there have been reports earlier this month.
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IA start-ups are on fire
Chatgpt Creator Openai is perhaps a familiar name now, but there is a less known start-up that is starting to make waves.
It’s anthropogenic, the creator of the Claude Ai Chatbot, who counts Amazon And Alphabet Among its donors, after collecting billions of dollars from technology giants. Anthropic is now in talks for a new massive financing round, and it is also an optimistic signal for Nvidia and the wider sector.
According to several media, Anthropic was in advanced talks earlier in January to increase $ 2 billion at a price that values the company to $ 60 billion, against an evaluation of $ 16 billion less than a year ago.
The new one is the latest sign of the rowing of evaluations for private AI start-ups, which show an increasing enthusiasm of investors for AI and the confidence that companies like Anthropic will justify this long-term evaluation , finally generating billions of profits.
In the end, the frenzy of AI start-ups will benefit Nvidia because a significant part of this billion dollars is probably spent on Nvidia fleas to supply the models of anthropic AI.
Anthropic has a history of work with Nvidia and purchase of its chips, although the company said that it would use the Amazon trainium and infrentia chips to form future foundation models when it has taken $ 4 billion from Amazon last November.
The details of the current financing cycle are not clear because it has not closed, but the agreement is likely to produce a windfall for Nvidia to a certain extent because it is largely recognized as the leader in Puces AI technology, And binding fully with Amazon could make anthropic less competitive. Even Amazon Web Services CEO, Matt Garman said that the company considered its AI processors as an “supplement” to Nvidia GPUs rather than a replacement.
The financing round also adds fuel to the AI arms race among start-ups and should encourage investors in rival companies to pay more billions. OPENAI, for example, completed a financing link of $ 6.6 billion, evaluating the company at $ 157 billion in October.
OPENAI was a major client of Nvidia, and the CEO of Nvidia, Jensen Huang, delivered by hand the first H200 AI supercomputer in Openai. The start-up led by Sam Altman has visions of developing her own AI chips, but it is probably in years. In the foreseeable future, it will depend on the tokens of Nvidia, and its recent financing tower could mean billions of people more in the chests of Nvidia. Nvidia was also an investor in the round, which could strengthen his relationship with the AI start-up.
What it means for Nvidia
While large technological companies like Amazon and others work on their own AI chips, it will be difficult to dethrone Nvidia, whose market share in GPUs in the data center is estimated at around 95%. Nvidia continues to innovate quickly, preparing its Rubin platform as a more advanced version of Blackwell recently published.
NVIDIA also benefits from a flat management structure that makes decision -making faster and easier and avoids the type of silos that tormented competitors as Intel. Finally, it has an advantage over potential rivals like Amazon because it is a dedicated pure-play semiconductor company, while businesses like Amazon have other priorities.
The AI of NVIDIA Foundation undoubtedly started in 2006 when it launched its parallel CUDA computer model which now contains hundreds of software libraries and AI models, showing that it has an important technological advantage. CEO Jensen Huang is also long considered a visionary in AI.
Overall, what is good for AI is good for Nvidia, and the billions that take place in start-ups to the evaluation of the rowing show that the growth of the AI and the growth focused On the AI still have a long way to go. Expect Nvidia to deliver another strong year for investors in 2025.
John Mackey, former CEO of Whole Foods Market, a subsidiary of Amazon, is a member of the board of directors of Motley Fool’s. Suzanne Frey, director of Alphabet, is a member of the board of directors of Motley Fool’s. Jeremy Bowman has positions in Amazon and Nvidia. The Motley Fool has positions and recommends Alphabet, Amazon, Intel and Nvidia. The Motley Fool recommends the following options: Court February 2025 $ 27 calls Intel. The Motley Fool has a policy of disclosure.
