We just lately printed an inventory of the 12 Greatest AI Shares Main the ‘Huge Tech Race’ to $4 Trillion In response to a Well-known Wall Road Analyst. Since NVIDIA Corp (NASDAQ:NVDA) ranks 4th on the record, it deserves a deeper look.Wedbush Securities analyst Dan Ives has stated in a recent observe that main tech giants are actually working in a “race” to seize the $4 trillion AI market, calling GPUs the brand new “oil” or “gold” within the know-how sector. Ives stated that the AI “get together” is simply getting began and the clock is exhibiting “9p.m. in a celebration going until 4 a.m. with the remainder of the tech world now becoming a member of.” Ives thinks spending on GPUs and information facilities is the “solely recreation on the town.” Ives thinks the “first wave” of AI benefited main know-how giants main the AI race, with the second, third and fourth “derivatives” starting to indicate trickle-down results on different corporations.In a separate investing occasion, Ives just lately predicted that the AI-led bull run can final for an additional two to 3 years, saying in a yr from now traders shall be taking a look at $3 trillion to $4 trillion market caps for main tech corporations.“The tech bull market is simply beginning,” Ives reportedly stated.In his newest observe Ives highlighted a number of shares which he believes can profit from the AI revolution. On this article we take an in depth take a look at these shares and focus on their AI-related development catalysts and see whether or not or not they’re sound long-term investments. With every inventory we’ve talked about hedge fund sentiment. Why are we within the shares that hedge funds pile into? The reason being easy: our analysis has proven that we will outperform the market by imitating the highest inventory picks of one of the best hedge funds. Our quarterly publication’s technique selects 14 small-cap and large-cap shares each quarter and has returned 275% since Might 2014, beating its benchmark by 150 proportion factors (see extra particulars right here).Is NVIDIA Corp (NASDAQ:NVDA) Greatest AI Inventory Main the ‘Huge Tech Race’ to $4 Trillion In response to a Well-known Wall Road Analyst?Nvidia Corp (NASDAQ:NVDA)Variety of Hedge Fund Buyers: 186Dan Ives of Wedbush thinks the it’s simply “9 PM” within the “AI get together” that’s set to go till “4 AM” and it’s all about Nvidia Corp (NASDAQ:NVDA) GPUs because the analyst thinks the “solely recreation on the town for GPUs to run generative AI purposes all undergo Nvidia.”UBS believes Nvidia Corp (NASDAQ:NVDA) is well-positioned to learn from the $331 billion market alternative within the AI Enabling layer, because of its GPUs. Within the Cloud phase of the Enabling layer, UBS thinks Nvidia Corp’s (NASDAQ:NVDA) DGX providing makes the corporate a promising participant. Nvidia Corp (NASDAQ:NVDA) DGX Cloud is a supercomputing service that provides enterprises entry to software program and infrastructure required to coach superior fashions for generative AI. It’s a mix of servers and workstations for optimizing deep studying purposes by way of using general-purpose computing on graphics processing items (GPGPU).Story continuesOn the Intelligence and Software layer of the AI worth chain, UBS sees no notable catalyst for Nvidia Corp (NASDAQ:NVDA).NVIDIA Corp’s (NASDAQ:NVDA) newest product bulletins and its plans revealed on the Computex 2024 present that NVIDIA Corp (NASDAQ:NVDA) has far more in its arsenal to energy its development engine. Analysts like NVIDIA Corp’s (NASDAQ:NVDA) shift to new AI structure generally known as Rubin (R100) and suppose its highly effective H100 and Blackwell chips simply beat rivals.NVIDIA Corp (NASDAQ:NVDA) will begin transport H200 within the second half of this yr. At its GTC convention NVIDIA Corp (NASDAQ:NVDA) revealed three accelerators – B200, GB200 and GB200 NVL72. All of those merchandise present development catalysts for NVIDIA Corp (NASDAQ:NVDA) shares and justify its P/E a number of of 71, given NVIDIA Corp’s (NASDAQ:NVDA) development expectation of over 100% this yr and 32% subsequent yr. Based mostly on 2026 EPS estimate set by Wall Road, NVIDIA Corp (NASDAQ:NVDA) is buying and selling at a ahead P/E a number of of 35.74, which makes the inventory’s valuation engaging given the expansion catalysts it has.RiverPark Massive Progress Fund said the next concerning NVIDIA Company (NASDAQ:NVDA) in its first quarter 2024 investor letter:“NVIDIA Company (NASDAQ:NVDA): NVDA shares have been our prime contributor within the quarter following blowout 4Q outcomes and 1Q steering pushed by robust information middle gross sales. The corporate reported quarterly income of $22.1 billion, up 265% year-over-year, and EPS within the quarter of $5.16, up 487% year-over-year and 12% forward of expectations. Income steering for 1Q of $24 billion was 8% above very excessive expectations. The factitious intelligence arms race kicked-off by ChatGPT and Alphabet’s Bard, amongst others, has generated super demand for Nvidia’s subsequent era graphic processors.NVDA is the main designer of graphics processing items (GPU’s) required for highly effective laptop processing. Over the previous 20 years, the corporate has advanced by way of innovation and adaptation from a predominantly gaming-focused chip vendor to one of many largest semiconductor/software program distributors on this planet. Over the previous decade, the corporate has grown income at a compound annual charge of over 20% whereas increasing working margins and, by way of its asset gentle enterprise mannequin, producing ever growing quantities of free money movement. Following latest outcomes, Jensen Huang, founder and CEO of NVIDIA said within the firm’s press launch, “a trillion {dollars} of put in international information middle infrastructure will transition from normal objective to accelerated computing as corporations race to use generative AI into each product, service and enterprise course of.”General, NVIDIA Corp (NASDAQ:NVDA) ranks 4th on Insider Monkey’s record titled 12 Greatest AI Shares Main the ‘Huge Tech Race’ to $4 Trillion In response to a Well-known Wall Road Analyst. Whereas we acknowledge the potential of NVIDIA Corp (NASDAQ:NVDA), our conviction lies within the perception that AI shares maintain higher promise for delivering increased returns, and doing so inside a shorter timeframe. If you’re in search of an AI inventory that’s extra promising than NVIDIA Corp (NASDAQ:NVDA) however that trades at lower than 5 occasions its earnings, take a look at our report in regards to the least expensive AI inventory.READ NEXT: Analyst Sees a New $25 Billion “Alternative” for NVIDIA and Jim Cramer is Recommending These Shares.Disclosure: None. This text is initially printed at Insider Monkey.