Prediction: While Nvidia Leads, This Lesser-Known AI Stock Could Catch Up

Artificial intelligence (AI) has been transforming the business landscape at an unprecedented rate. The market researchers at Dell'Oro Group expect global capital spending on AI data centers to surpass $1 trillion by 2029. Nvidia (NASDAQ: NVDA) is all set to be one of the key beneficiaries of this trend. The company has generated almost $146.6 billion in data center revenues over the past four quarters. According to IoT Analytics, Nvidia accounts for nearly 92% of the data center GPU market.Although Nvidia's AI chips are the backbone of the global AI infrastructure buildout, they also require custom chips and high-speed networking infrastructure to run complex high-performance computing and AI workloads.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool