The technology world is going through the '1995 period' 1
`This is like 1995. The AI ​​revolution is hitting the software ecosystem and the rest of the technology sector. AI spending will increase by $1 trillion over the next decade,` Dan Ives,
The ChatGPT logo appears on the phone screen.
According to Business Insider, the `1995 moment` mentioned by Ives took place when the Internet began to be commercialized and quickly exploded.
Humanity may be at an `inflection point` with investment in AI, Ives said.
`Nvidia and GPUs are the beginning of the spending wave,` Ives said.
Wedbush Securities experts also assessed the thirst for AI chips from leading companies as `a transformational technology trend that we have not seen since the birth of the Internet in the mid-1990s`.
`Technology stocks today will not be like they were in 1999-2000, when the dotcom bubble burst. Back then, Internet companies were overvalued. It’s a completely different world than what we saw.
Ives said the trend was clearly reflected when Nvidia’s market capitalization hit the 2,000 billion USD mark this week, proving that the AI ​​boom has not yet peaked.
Previously, in the fourth quarter 2023 financial report, Nvidia CEO Jensen Huang told investors that new AI data centers are a big opportunity for companies like Nvidia.
According to Mr. Huang, it will only be a matter of time before companies bet big on AI.
Previously, some experts also assessed the great potential of AI, which could even surpass the Internet.
According to Gerstner, AI and the Internet are not competitors but `partners` in innovation.
`AI’s potential for economic and social transformation knows no bounds,` Gerstner said.
