"Artificial intelligence has powered much of the stock market's growth since late 2022. When ChatGPT launched that November, it proved how useful generative AI could be, and investor excitement exploded. Since then, the six largest tech companies have collectively gained more than $8 trillion in market value. Two of the biggest beneficiaries have been Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO), whose market caps have soared 681% and 378% over that period."
"Nvidia has essentially become the face of the AI boom. Its valuation jumped from $416 billion in late 2022 to more than $3.25 trillion today - an astonishing $2.8 trillion increase on its own. Broadcom has also seen tremendous growth. The company climbed from a $230 billion market cap to over $1.1 trillion, adding nearly $1 trillion in just two years."
"If you have $75,000 to put to work, here's how to decide which stock is the smarter retirement play. The bull case for Nvidia Nvidia's GPUs power nearly every major AI hyperscaler and data center today. Its H100 accelerators are considered the gold standard for AI processing thanks to their ability to handle enormous computing demands quickly and efficiently. The company is now preparing to launch its next-generation Blackwell chips, which will be even faster and more powerful."
Artificial intelligence and the launch of ChatGPT in late 2022 triggered a surge in investor demand that lifted the six largest tech firms by more than $8 trillion. Nvidia and Broadcom emerged as major beneficiaries, with market-cap increases of 681% and 378%, respectively. Nvidia's valuation rose from $416 billion to over $3.25 trillion, while Broadcom grew from $230 billion to more than $1.1 trillion. Nvidia's H100 GPUs power leading AI hyperscalers and its data-center revenue reached $30.2 billion in a single quarter. Blackwell chips are sold out through 2025, and both chipmakers remain compelling long-term investment options amid growing competition.
Read at 24/7 Wall St.
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