Nvidia is one obvious beneficiary of artificial intelligence — companies have been buying its chips and investor interest has sent its shares soaring to record highs. In the past year, Nvidia sales have skyrocketed as companies such as Alphabet, Microsoft , Meta , Amazon and OpenAI buy billions of dollars of its graphics processing units, which are advanced and pricey chips required for developing and deploying artificial intelligence applications.
" "And if you're spending $1 on Nvidia's accelerated computer architecture, this translates to $5 in instant revenue over a four-year time horizon," she said. Those capital expenditure increases will be funded by productivity gains, she said. Meta is one example, with 50% of the content seen on Instagram being generated by AI, she said. "So you can actually assume quite a decent return on that," Pleydell-Bouverie said.