<p>Can technology boost productivity?</p>

NVIDIA

<p>Guotou Securities analysis believes that NVIDIA will be the core of technology investment in the US stock market in the next three years. Although the stock price may fluctuate in the short term, there is bottom support. The AI ​​wave is at a turning point in technological revolution and will usher in a collaborative stage in the future, becoming the main theme of technology growth investment. The controversy surrounding AI in the market is similar to the dot-com bubble 20 years ago, but history has shown that the technology industry will enter a golden age after experiencing a turning point</p>

- The article discusses the current stage of the AI wave, represented by Nvidia, suggesting it is at a turning point in a new technological innovation cycle.  
- It draws parallels with the dot-com bubble, emphasizing that while there are concerns about a potential bubble, the underlying industry trends and competition will ultimately dictate Nvidia's valuation.  
- The analysis concludes that understanding the industry landscape is crucial for assessing Nvidia's future, rather than solely focusing on short-term application developments.