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AI Power Demand Skyrockets, Nvidia CEO Lauds OpenAI, And Tesla's Optimus Robots Assisted By Humans: This Week In AI
Nvidia, Google And Microsoft To Present AI Tools Aimed At Reducing Healthcare Worker Burnout At Las Vegas Conference
Nvidia Stock Is Up Over 233% In The Past Year And Tech Bulls Say It Could Go Even Higher From Here: '...You'll See The Stock Double Over The Next Several Years'
SA Asks: Which Magnificent 7 Stocks Could React Positively to Earnings?
Is NVIDIA expensive? Bank of America and Goldman Sachs both sing praises: current valuation still attractive, continue to be bullish on its prospects.
Bank of America Merrill Lynch states that nvidia's PEG ratio is lower than its peers, making its valuation still attractive, and expects its PE ratio to decrease to 24 times by 2027; Goldman Sachs believes that nvidia's valuation is close to the median PE ratio of the past three years, and compared to its peers, its historical valuation is relatively low.
Intel's new move to "save itself": selling its "future core" Altera stake for $17 billion.
The media reported that intel is looking for interested PE and strategic investors this week, may sell the majority of Altera shares. Intel acquired the programmable chip business Altera for $16.7 billion in 2015 and made it a subsidiary in February this year, seeking an IPO in 2026. Intel's CEO also said last month that Altera is a core part of the company's future.