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>Competition for Nvidia is sprouting up, as Gates correctly points out.
>With giants like Amazon (AMZN) announcing an $8 billion partnership with >Anthropic to enter the AI chip space and Google (GOOG) dropping a >supercomputer with an AI chip called Willow, it's evident Big Tech companies want >in on the action.
>Further, Broadcom (AVGO) and Marvell (MRVL) have released advanced custom chips.
>At the same time, the long-term demand for Nvidia's powerful AI chips is being questioned arguably for the first time.
>However, in notes to clients last week, Bank of America and Raymond James analysts suggested competition in the AI space from Chinese firms like DeepSeek, which rocked markets last week with its claims of a sophisticated, cost-efficient AI model, could push U.S. tech firms to spend even more on AI, to the benefit of chipmakers like AMD.
>“Spending for AI continues unabated,” Citi analysts said last week, pointing to Meta’s (META) plans to invest $60 billion to $65 billion in capital expenditures this year. That level of AI spending is “good news” for AMD, as well as rivals like Broadcom (AVGO), the analysts said.
4 letters, CUDA
