Buyable Gap Up - NVDA potential breakout

NVDA is having a BGU.

NVDA remains a top performer among the Magnificent 7 that represent the largest, top performing tech stocks. Its GPUs are best-in-class products for generative AI models, and also for processing engineering simulations, developing new drugs, mining cryptocurrency, and processing graphics on computers.

There is a general consensus that artificial intelligence (AI) will have a significant positive impact on global GDP, although estimates vary widely. Here's a summary of the key projections and considerations:

## GDP Growth Projections

- Goldman Sachs Research predicts that generative AI could increase global GDP by 7% (approximately $7 trillion) over a 10-year period[28].
- PwC estimates that AI could boost global GDP by up to 14% (equivalent to $15.7 trillion) by 2030[5][29].
- McKinsey Global Institute suggests AI could potentially deliver additional economic output of around $13 trillion by 2030, boosting global GDP by about 1.2% annually[12].

## Productivity Gains

- AI is expected to lift productivity growth by 1.5 percentage points over a 10-year period[28].
- Accenture forecasts that by 2035, AI could double annual global economic growth rates, potentially increasing labor productivity by up to 40%[29].

## Regional Impact

- The greatest economic gains from AI are projected to be in China (26% boost to GDP in 2030) and North America (14.5% boost)[20].
- Europe is expected to see a 9.9% to 11.5% boost in GDP[3].

## Timeframe and Adoption

- The economic impact of AI may emerge gradually and be visible only over time[12].
- By 2030, around 70% of companies are expected to adopt at least one type of AI technology[12].

## Considerations

- The impact of AI on economic growth is not expected to be uniform across all sectors and regions[11].
- Successful adoption and integration of AI technologies require adequate infrastructure, data availability, and supportive policies[11].
- While AI is projected to boost productivity and create new jobs, it may also lead to job displacement in some sectors[22].

In conclusion, while the exact figures vary, there is a strong consensus among economists and researchers that AI compute will indeed significantly increase GDP. However, the realization of these benefits depends on factors such as widespread adoption, policy support, and the ability to manage potential disruptions in the labor market.

Citations:
[1] https://www.goldmansachs.com/insights/articles/generative-ai-could-raise-global-gdp-by-7-percent
[2] https://www.investopedia.com/economic-impact-of-generative-ai-7976252
[3] https://mitsloan.mit.edu/ideas-made-to-matter/a-new-look-economics-ai
[4] https://www.mckinsey.com/~/media/mckinsey/featured%20insights/artificial%20intelligence/notes%20from%20the%20frontier%20modeling%20the%20impact%20of%20ai%20on%20the%20world%20economy/mgi-notes-from-the-ai-frontier-modeling-the-impact-of-ai-on-the-world-economy-september-2018.ashx
[5] https://www.europarl.europa.eu/RegData/etudes/BRIE/2019/637967/EPRS_BRI(2019)637967_EN.pdf
[6] https://blog.huawei.com/en/post/2024/1/18/ai-economy-employment
[7] https://www.idc.com/getdoc.jsp?containerId=prUS52600524
[8] https://www.gspublishing.com/content/research/en/reports/2023/03/27/d64e052b-0f6e-45d7-967b-d7be35fabd16.html
[9] https://research-center.amundi.com/article/will-artificial-intelligence-increase-economic-growth
[10] https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/the-economic-potential-of-generative-ai-the-next-productivity-frontier
[11] https://www.emerald.com/insight/content/doi/10.1108/jebde-10-2023-0022/full/html
[12] https://www.mckinsey.com/~/media/mckinsey/featured%20insights/artificial%20intelligence/notes%20from%20the%20frontier%20modeling%20the%20impact%20of%20ai%20on%20the%20world%20economy/mgi-notes-from-the-ai-frontier-modeling-the-impact-of-ai-on-the-world-economy-september-2018.ashx
[13] https://cpram.com/fra/en/individual/publications/megatrends/artificial-intelligence-how-to-think-about-the-ai-impact-on-the-economy
[14] https://www.elibrary.imf.org/view/journals/001/2024/065/article-A001-en.xml
[15] https://web.stanford.edu/~chadj/AI.pdf
[16] https://www.oecd.org/en/topics/policy-issues/artificial-intelligence.html
[17] https://www.policycenter.ma/publications/how-will-artificial-intelligence-affect-economy
[18] https://www.oecd.org/content/dam/oecd/en/publications/reports/2024/04/the-impact-of-artificial-intelligence-on-productivity-distribution-and-growth_d54e2842/8d900037-en.pdf
[19] https://www.aboutamazon.com/news/aws/ai-cloud-adoption-economic-impact-gdp-aws
[20] https://www.pwc.com/gx/en/issues/artificial-intelligence/publications/artificial-intelligence-study.html
[21] https://www.weforum.org/stories/2024/12/ai-driven-growth-navigating-the-path-to-new-markets/
[22] https://www.investopedia.com/economic-impact-of-generative-ai-7976252
[23] https://privatebank.jpmorgan.com/nam/en/insights/markets-and-investing/ideas-and-insights/how-ai-can-boost-productivity-and-jump-start-growth
[24] https://www.goldmansachs.com/insights/articles/AI-is-showing-very-positive-signs-of-boosting-gdp
[25] https://research-center.amundi.com/article/will-artificial-intelligence-increase-economic-growth
[26] https://www.imf.org/en/Blogs/Articles/2024/01/14/ai-will-transform-the-global-economy-lets-make-sure-it-benefits-humanity
[27] https://www.bis.org/publ/work1179.htm
[28] https://www.goldmansachs.com/insights/articles/generative-ai-could-raise-global-gdp-by-7-percent
[29] https://www.europarl.europa.eu/RegData/etudes/BRIE/2019/637967/EPRS_BRI(2019)637967_EN.pdf