Nvidia is proving itself a key beneficiary as technology companies "spend like crazy" to take advantage of artificial intelligence, according to Melius Research.
"Sometimes a no brainer is a no brainer," analyst Ben Reitzes wrote on Monday.
Reitzes' bullish take is tied to how aggressively he says technology companies and fellow chipmakers are pursuing artificial general intelligence, or artificial intelligence most closely akin to human reconnaissance.
Nvidia will remain an essential piece of any tech firm's AI pursuits, he said.
NVDA YTD mountain Nvidia stock.
Persons:
Ben Reitzes, Reitzes, Blackwell, Nvidia's Blackwell, — CNBC's Michael Bloom
Organizations:
Nvidia, Research, Microsoft