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Deutsche Bank backs Nvidia's bet to make money on software

Deutsche Bank backs Nvidia’s bet to make money on software

Leave a Comment / Computing / By

German financial giant Deutsche Bank is backing Nvidia’s ambitions to one day earn hundreds of billions from software enabling a variety of services and applications running on its GPUs. The often controversial banking giant announced on Wednesday that it has formed a “multi-year innovation partnership with Nvidia to accelerate the use of artificial intelligence and …

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Bank of America Sees AI Transforming the Internet in the Next Five Years - Top Stocks Will Follow the Trend

Bank of America Sees AI Transforming the Internet in the Next Five Years – Top Stocks Will Follow the Trend

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Artificial intelligence will be a catalyst for big tech stocks over the next five years, according to Bank of America. The sector was beaten in 2022 thanks to macroeconomic factors, including inflation and rising interest rates. The tech-heavy Nasdaq Composite is down 25% this year, compared to the nearly 12% drop in the S&P 500. …

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