Though investors hoped Nvidia's (NVDA) earnings would substantially boost markets, the Dow Jones Industrial Average (^DJI) experienced its biggest decline in...
, recovering slightly Friday morning. UBS Asset Management Senior Portfolio Manager Michael Nell joins the Morning Brief to discuss what the hype surrounding Nvidia and other chip names signals for the broader market.), for instance, are pushing clients to migrate from CUDA, Nvidia 's proprietary computing platform, to open or third-party interfaces, he says.
And so, uh, it's a It's a great, uh, story that NVIDIA has their Their revenue growth has been stupendous, their profit growth has been even better. I think you'll probably see some examples of that with a I, uh, that probably with hindsight won't make so much sense.Uh, the the best areas I think to focus on for investment are what people call like the picks and shovels area.Uh, but also the, uh, the applications that are real today.Those are areas where a I is already proven itself.
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