Charu Chanana, chief investment strategist at Saxo Markets, said Nvidia’s latest earnings offered strong support for the investment thesis around artificial intelligence infrastructure. She said continued capacity expansion should benefit memory, networking, optical communications, power infrastructure and some cloud service providers. At the same time, she said the market increasingly needs proof that spending on AI can generate returns. Chanana described memory as one of the clearest beneficiaries, adding that Nvidia’s margin guidance suggests supply remains tight. After Nvidia released its results, Asian memory-chip stocks broadly moved higher. She also cautioned that the next phase for memory-chip shares will depend more on AI demand and whether the amount of memory bundled with each accelerator can absorb rising supply capacity, rather than relying only on shortages to push prices higher.
According to ChainCatcher, Charu Chanana, chief investment strategist at Saxo Markets, said Nvidia’s earnings gave strong confirmation to the investment case for artificial intelligence infrastructure.
She said that as capacity continues to expand, memory, networking, optical communications, power infrastructure and some cloud service providers are set to benefit. Even so, the market increasingly needs to see that AI investment can deliver returns.
Chanana said memory remains one of the clearest beneficiary segments, and Nvidia’s margin guidance indicates that supply is still tight. After Nvidia reported its results, Asian memory-chip stocks broadly rose.
She added that the next stage of the memory-chip trade will depend more on AI demand and on whether the amount of memory attached to each accelerator can absorb growing supply capacity, rather than depending only on supply shortages to drive price gains.
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