Nvidia's (NVDA) Recent Announcements Are Bullish for NVDA Stock, Tech Researcher Says

Nvidia Corporation (NVDA)'s recent decision to open its infrastructure to some extent to other firms is "largely bullish" for NVDA stock, Futurum CEO Daniel Newman told Yahoo Finance recently. Futurum is a technology research firm.

The giant chipmaker's moves "will drive innovation" within Nvidia Corporation (NVDA) and outside of it, while helping the firms developing robots "move faster," he said.

NVDA's decisions will also help the large cloud-infrastructure players grow while facilitating the interconnection of machines and the connection of the "physical world" with AI, Newman explained.

The Benefits of NVDA's Moves

The opening of NVDA's infrastructure to CPUs will help connect computers and "drive innovation" within and outside NVDA, Newman explained.

Meanwhile, NVDA's efforts with GROOT, its open-source model for humanoid robot development, will help other firms build robots more quickly, the CEO stated.

Further, the large cloud-infrastructure players will be able to "go big" on their own "while still benefiting from where Nvidia is leading," Newman suggested. One of the areas in which Nvidia Corporation (NVDA) is leading is its ability "to connect machines together to deal with these massive amounts of data," Newman said.

While we acknowledge the potential of NVDA, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey