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International Business Times
International Business Times
Business
Thomas URBAIN

Riding High On AI, Nvidia Is No Bubble, Says Wall Street

Nvidia Microsoft Angelo Zino Apple Jensen Huang AMD Intel Corporation
Jensen Huang, cofounder and CEO of Nvidia, waves as he arrives for a media roundtable in Kuala Lumpur on December 8, 2023 (Credit: AFP)

The emergence of AI bots like OpenAI's ChatGPT and Google's Bard has fueled a massive rise in share prices of chip-making juggernaut Nvidia, with its skyrocketing stock now making it the world's fourth biggest company by market capitalization.

And for Wall Street, it's no bubble.

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