AI Juggernauts Nvidia, Palantir, Micron, and Broadcom Are Sending Shockwaves Through Wall Street With This Nearly $13 Billion Warning Investors have been waiting decades for the next technological leap forward to rival what the internet did for corporate America and Wall Street.
With an estimated $15.7 trillion global addressable market by 2030, artificial intelligence (AI) has answered the call
The foundational companies behind the rise of AI have seen their shares skyrocket. Since the start of 2023, Nvidia (NASDAQ: NVDA), Palantir Technologies (NASDAQ: PLTR), Micron Technology (NASDAQ: MU), and Broadcom (NASDAQ: AVGO) have rallied by roughly 1,400%, 2,110%, 1,890%, and 650%, respectively, as of the closing bell on June 4. Nvidia’s superior graphics processing units make enterprise data centers tick, while high-bandwidth memory supplied by Micron and networking solutions from Broadcom facilitate high-performance computing while minimizing tail latency.
As for Palantir, it’s the ideal example of AI applications in action via its Gotham and Foundry software-as-a-service platforms. While these AI juggernauts have, thus far, proved unstoppable, the people who know these companies best are sending all the wrong signals. Insiders at Nvidia, Palantir, Micron, and Broadcom tell a worrisome tale Although Wall Street analysts dive deep into what makes businesses tick, arguably, no one knows their company better than insiders.