Hopping on the Artificial Intelligence Bandwagon Nvidia appears to be a very promising stock in the high growth plus high value artificial intelligence industry. TradeZero Ocean Place Cable Beach, Unit #1 Nassau, Bahamas
Stock trading, both of the growth kind and the value kind, demands a clear understanding of stocks and industries with massive potential. There’s no hiding from the fact that artificial intelligence (AI) is a hot prospect thanks to its quickly soaring adoption and immense potential for almost every high growth industry out there, from healthcare to transportation. If Growth and Value Are Your Targets, then AI Has Got to Be There Artificial intelligence has been a hot topic not only among tech geeks and the heads of the major tech corporations, but also in the stock market. It’s powering almost all the hardware releases by the tech giants such as mobile phones, tablets, laptops, desktops and smart speakers through features such as voice assistants and machine learning. It also powers the Internet of Things (IoT) phenomenon whereby suitably equipped home devices can be controlled by smart speakers. It has become part of our daily lives. We are in the age of AI. The AI market is expected to grow further, from $21.46 billion this year to a spectacular $190.61 billion as 2025 comes along. The CAGR rate is expected to grow by 36.62% from 2018 to 2025, as stated in a report by “Markets and Markets”. A report by “AI Index” states that active AI startups in the US have risen 14 times while there has only been a 6-time increase in their annual VC investment since 2000. The job market in the AI industry has also shot up, with jobs requiring AI skills growing 4.5 times since 2013 in the United States. www.tradezero.co
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This growth has been phenomenal and the influence of AI has been felt across various industries. There is so much data being processed each day by the AI industry, to the tune of billions of gigabytes, and that figure is rising. This is complemented by the tremendous computing power available now and the deeplearning algorithms that facilitate the better functioning of AI. Why Nvidia Has the Edge In her analysis of the AI market, experienced analyst Prableen Bajpai argues that Nvidia ($NVDA) is at the forefront in AI, spanning various industries wherever AI functionality is a necessity. Indeed, Bajpai quotes Nvidia as saying that AI will be the next big revolution following the industrial revolution of the 19th century. Transportation One of the segments where AI is bringing about revolutionary changes is the automotive sector. The transportation industry is a $10 trillion one, and AI systems can power autonomous vehicles that are beginning to make an impact. Nvidia leads the way here with its DRIVE scalable platform which is already being used by over 320 automakers including truck manufacturers as well as research organizations, startups and suppliers. With the DRIVE platform, companies can build and run self-driving vehicles, according to their unique configuration requirements.
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Healthcare According to research by Accenture, relevant and important AI clinical healthcare applications can help increase annual savings by up to $150 billion by 2026 for the American healthcare economy. AI, along with machine learning, has helped improve productivity and, consequently, patient outcomes in the healthcare sector. Here too, Nvidia seems to be leading the way. It has joined hands with GE Healthcare as well as Nuance ($NUAN) to make use of Nvidia’s deep learning platform for incorporating AI into medical imaging. The technology could lessen the strain on doctors and patients particularly since there is a shortage of radiologists and oncologists. Costs can be reduced as well. Mining Mining, along with construction, is an industry posing significant safety risk to the workers involved because of the tricky terrain, under earth operations, heavy equipment and the long hours spent in the mines. By adopting AI the safety risk can be reduced, for which Nvidia signed an agreement with Komatsu in December 2017. Komatsu has already gained a head start in mining safety with the ‘SMARTCONSTRUCTION’ program started back in 2015 and introduced in over 4000 sites. Nvidia will help enrich these efforts. The role of AI has already been realized through driverless haulers or mining trucks.
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Industrial Robots There are already automated factories, but AI application can make them perform better. According to the International Federation of Robotics, deploying industrial robots could rise from 1.82 million units globally from the end of 2016 to 3.05 million units in 2020. It is expected that the industrial robotics market would be valued at $71.72 billion in 2023. Nvidia already has its Isaac robot simulator and Jetson Platform for improving efficiency of automated factories through better functioning robots. Nvidia has been collaborating with FANUC Corporation since 2016 for improving productivity of robotics and automated factories globally. $NVDA is right up there in the lucrative AI industry that has so many applications influencing various industries. And Nvidia is actively involved in almost all of these industries, bringing AI technology and making them perform better and safer. Hope this insight into one of the most promising stocks in the market helps you make the right decision in your investing and stock trading decisions.
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