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<Research>CLSA: AI Industry Moving in Right Direction; NVIDIA Recommended for Buy w/ US$270 TP
Recommend 3 Positive 7 Negative 3 |
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CLSA conducted a survey on 302 AI startup companies, among which 192 companies had publicly available data, with their annual recurring revenue totaling US$55 billion. Besides, data released by enterprise IT service providers indicated that AI-related service revenue was approximately US$6 billion annually, and the actual figures might be higher as many companies have not disclosed their data. Although the current revenue of the AI industry is not yet sufficient to cover the massive investments involved, the broker expected that AI industry revenue will grow by 160% YoY by 2026, reflecting that the industry is moving in the right direction. The broker remained optimistic about the industry, recommending TSMC's Taiwan shares and NVIDIA (NVDA.US), both rated as High-conviction Outperform, with target prices of NT$2,000 and US$270, respectively. AASTOCKS Financial News Website: www.aastocks.com |
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