Goldman Sachs Seeks Next NVIDIA in Emerging Markets

Goldman Sachs is actively seeking AI businesses capable of replicating NVIDIA’s success.

In light of the huge degree of performance and enthusiasm that the AI-based company NVIDIA has recorded, Goldman Sachs is currently looking for the next wave of AI businesses that are capable of producing outcomes of this magnitude.

Goldman Sachs Is Targeting High-Performing AI Bets

Investors are currently looking beyond the United States to other emerging economies in hopes of finding greater value and a larger market for artificial intelligence.

Goldman Sachs was very specific about its pursuit of interests in companies that create components for the artificial intelligence supply chain, particularly in its asset management division.

These components include cooling systems and power supplies. Several other organizations, such as JPMorgan, already have connections with conventional electrical manufacturers that are increasingly transforming into leaders in artificial intelligence.

Investment managers at Morgan Stanley, on the other hand, are placing bets on players in industries that are not particularly inclined toward technology and where artificial intelligence is altering business structures.

According to Jitania Kandhari, the deputy chief investment officer at Morgan Stanley Investment Management, artificial intelligence plays a significant role in driving development in emerging countries.

Although we have previously made investments in direct beneficiaries of artificial intelligence, such as semiconductors, going forward, it will be essential to search for businesses in a variety of industries that are implementing AI to increase their revenues, Kandhari said.

NVIDIA, the technology behemoth that these high-stakes investors consider to be the de facto reference, is one of the artificial intelligence companies that has achieved remarkable success over the past few months.

The company became the topic of conversation in the community after reaching a market valuation of $2 trillion in February. NVIDIA was able to overcome competitors like Amazon and Alphabet, the parent company of Google, with the help of this number.

The global GPU manufacturing powerhouse and the Chinese market, where it delivers its artificial intelligence processors, have a close relationship.

The company recently demoed Blackwell, its artificial intelligence super chip, at the GTC conference in San Jose, California. Significantly, the Blackwell super chip series is a breakthrough initiative that aspires to improve the artificial intelligence landscape by providing its users with performance and capabilities that are unmatched by any other.

Constructed with 208 billion transistors, it aims to meet the demands of high-end artificial intelligence-driven applications across various industries by enhancing their processing power, efficiency, and versatility.

As a result of the fact that this just-launched product is already attracting attention, it poses a danger to the performance and position of other technology companies.