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"We're still really early in the AI build," Niles told CNBC's "Money Matters" on Monday. "If you look at today for the AI build out, who's really driving that?" Lam Yik Fei | Bloomberg | Getty ImagesPrior to the recent AI boom, Nvidia was known as the primary maker of chips used for 3D gaming. That's not to say that Nvidia is at risk of losing a ton of the AI chip business to rivals. Piper Sandler analysts expect it to keep at least 75% of the AI accelerator market, even as companies like Google build their own custom chips.
Persons: Jensen Huang, Josh Edelson, Sundar Pichai, that's, Dan Niles, Niles, We're, CNBC's, Bernstein, Mark Zuckerberg, Huang, Lam, Fei, That's, Piper Sandler, Harsh Kumar, Blackwell, Hopper, Morgan Stanley, Joseph Moore Organizations: Nvidia, Intelligence, SAP Center, Afp, Getty, Google, Blackwell, Microsoft, Meta, Niles Investment Management, Cisco, Apple, Nvidia Corp, Bloomberg Locations: San Jose , California, Redmond , Washington, Taipei, Taiwan
Dan Niles on what to expect from Nvidia earnings
  + stars: | 2024-05-20 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDan Niles on what to expect from Nvidia earningsDan Niles, Niles Investment Management founder and portfolio manager, joins CNBC's 'Money Movers' to discuss the stocks, Nvidia's upcoming earnings, ad market plays, and more.
Persons: Dan Niles Organizations: Niles Investment Management
Nvidia is still considered cheap and can rise after its earnings report, according to Dan Niles. The semiconductor stock turned artificial intelligence darling has run up big, said the Niles Investment Management founder. "That's why my thoughts are, you get [a] slight move up in the stock when they report," he said on CNBC's " Money Movers ." With this in mind, Niles said traders should look for periods of digestion in Nvidia before the next leg up. The Magnificent Seven stock has climbed more than 90% this year as the AI craze remains top of mind for investors.
Persons: Dan Niles, Niles, LSEG Organizations: Nvidia, Niles Investment Management, Cisco Systems
Read previewTwenty years after Dan Niles started running his tech-focused portfolio at Lehman Brothers, he's looking to grow. Niles, a longtime money manager running the Satori Fund and a frequent market commentator, has only recently taken over the fund entirely. After the collapse of Lehman Brothers, which the fund was a part of, Niles spun the fund out. Now, under a new brand — Niles Investment Management — and with the current market environment, Niles is eyeing hundreds of millions in new capital for the fund. "Since 2007, it's been the right product at the wrong time," Niles said about his strategy in an interview with Business Insider.
Persons: , Dan Niles, Lehman, Niles, it's, he's, Stanley Druckenmiller, George Soros, I've Organizations: Service, Lehman Brothers, Business, Niles Investment Management, Google, Microsoft, Amazon Locations: Niles, West Coast, South Florida, Seattle
Dan Niles on why he's steering clear of Apple long-term
  + stars: | 2024-05-03 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDan Niles on why he's steering clear of Apple long-termDan Niles, Niles Investment Management founder and portfolio manager, joins 'Squawk Box' to discuss Apple's quarterly earnings results, strength of the 'Magnificent Seven' stocks, and more.
Persons: Dan Niles Organizations: Niles Investment Management
Apple is 'behind' in AI, says Satori Fund's Founder Dan Niles
  + stars: | 2024-04-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple is 'behind' in AI, says Satori Fund's Founder Dan NilesDan Niles, Niles Investment Management founder and portfolio manager, joins 'Money Movers' to discuss if tech's recent underperformance is about yields, what will be essential to hear from earnings reports, and more.
Persons: Satori, Dan Niles Dan Niles Organizations: Niles Investment Management
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