In the wake of Nvidia ‘s launch of powerful new artificial intelligence chips, Goldman Sachs is predicting major growth for memory chips used in AI systems. Called Blackwell, the new GPU chips from Nvidia that power AI models require the latest third-generation memory chips, also known as high-bandwidth memory (HBM/HBM3E). The investment bank expects the …
Jonathan Raa | Nurphoto | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Markets positive Wall Street hit another record on Friday as …
Goldman’s top large-cap internet pick for 2024 is Amazon , which the firm expects will explore new growth avenues by capitalizing on evolving e-commerce trends and artificial intelligence advancements. According to analysts led by Eric Sheridan, several themes can drive Amazon higher in the next 12 months, including: Rising “utility nature” of Amazon Prime users’ …