Grab the AI Momentum—It’s a Hot Ticket Right Now
Why 2024 Is the Perfect Play
Tech behemoths are pouring billions into their AI labs, driving the sector toward a 15%+ surge this year. If you’re hunting for a slice of that pie, the clock’s ticking.
Meet Joel Lim—Your AI Whisperer
Financial analyst at Trading.Biz, Joel Lim has narrowed the field to two winners that are practically riding a wave of turbocharged growth.
The Powerhouses in the Spotlight
- NVIDIA – With its GPU dominance and AI‑powered product line, NVIDIA keeps rolling out new revenue streams. They’re not just keeping pace; they’re setting it.
- ServiceNow Inc. – This cloud‑automation juggernaut has shown steady EPS and sales gains, proving it’s more than a one‑time hype.
Why These Two? The 2024 Advantage
Both companies boast a track record of long‑term, consistent growth and are expected to keep heating up as AI adoption accelerates. They’re the “go the distance” type—no signs of slowing down just yet.
Take Action—Before It’s Too Late
If you’re looking to ride the AI wave, there’s no better time than now. Lace up your boots, grab a coffee, and consider adding NVIDIA and ServiceNow to your portfolio. Those gains are about to get a major kick‑off!
1. Nvidia (NVDA)
Nvidia’s Mega Power Surge: 126% Revenue & 586% EPS Boom
In the roaring world of AI, Nvidia is pulling off headline‑making moves that have investors salivating and skeptics twiddling their thumbs. The graphics titan skated past last year’s numbers, sending revenue through the roof by 126% and supercharging GAAP diluted earnings per share (EPS) by a staggering 586%. If hype had a chart, Nvidia would be the ticker that suddenly pops like fireworks.
Generative AI: The New Playground
Nvidia isn’t just shouting about chips – it’s taking the batons of generative AI. The company’s latest framework, NVIDIA NEMO, is the go‑to tool for startups like Bria, which is probably the only one you’ll hear chanting that “NVIDIA rocks.” With NEMO, developers can now whip up models that write poetry, compose music, or even generate memes faster than you can say “machine learning.”
Hardware Powerhouse
Beyond software, Nvidia is still the kings of AI chips. Last year they dropped the HGX H200, a beast that packs libraries, power, and speed into a single blade. That gadget is almost a keyblade to the future of AI workloads, and it’s shaping up to be a core driver in an IT market that’s screaming at $70 billion this year.
- Off the bat, the AI chip market is expected to double in the next few years.
- The forecast? A magic number of $120 billion by 2027.
- Why it matters? Every web app, gaming console, and data center just wants a slice of that sweet, sweet cash.
Quick Take: Analysts Have Their Eye on the Prize
Financial analyst Joel Lim dove into the numbers and came out with a simple verdict: “A forward P/E ratio of 34.25 is pricey, but look – Nvidia’s playing the AI chips game like a pro.” He sees a company that’s not just riding the wave, but shaping it.
Bottom Line
Sure, some folks are skeptical about whether Nvidia can maintain its stranglehold over AI, but the latest stats say otherwise: the company’s momentum is unstoppable, its technology is game‑changing, and its earnings are screaming louder than a megaphone in a canyon. If you’re still on the fence, the numbers might just push you over the edge.
2. Service Now Inc. (NOW)
ServiceNow: Surfing the AI & Cloud Wave
Picture a company shining bright in the tech arena – a star in AI and cloud computing. That’s ServiceNow. Over the last year, it scooped up close to $9 billion in revenue, which is a 23.8% jump from 2022. Talk about growth! And if you’re watching the cash flow, EPS is eyeing a near $1.40 per share this year, with a spike looming by the end of 2024.
The Price Tag and a Tiny Fear
So what does that mean for you? The stock is a bit pricey, and Joel Lim warns that the market might hit a “turbulence” swirl, especially since revenue forecasts are bumping up. Think of it as a mildly bumpy ride – not a disaster, but something to keep an eye on.
Big Moves on the Horizon
- Visa Partnership: In January, ServiceNow teamed up with Visa. The plan? Use ServiceNow’s Dispute Management software to build a standalone platform where companies can sort out payment audits and disputes. The kicker? It’ll look after both customers and staff with a sprinkle of generative AI and automation.
- Nvidia Collaboration Expansion: The firm is also taking its partnership with Nvidia one step further. By weaving the Now Assist software into the “Now Platform,” the goal is to sharpen telecom services and make agent‑customer interactions smoother.
Why It Matters
These partnerships show ServiceNow’s drive to keep pushing the limits of AI technology. They’re not just staying on the cutting edge; they’re building new tools that promise real, tangible improvements for businesses and their users.
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