Global Equities Resarch's Trip Chowdhry attended the Advanced Machine Learning Conference focusing on Amazon.com, Inc.
(NASDAQ: AMZN), Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), International Business Machines Corp. (NYSE: IBM) and NVIDIA Corporation (NASDAQ: NVDA).
Chowdhry saw increasing competition against Alphabet and IBM at the conference. "Amazon web services has u the ante against
Google's TensorFlow, IBM's Watson [was] a now show… and Nvidia [was] the universal winner," said Chowdhry. Amazon's Deep Scalable
Sparse Tenor Network engine was over twice as fast as Alphabet's sensor flow, according to Chowdhry.
Related Link: Microsoft At
Highest Level Since LinkedIn Purchase
"Developers think that the current version of TensorFlow Machine Learning libraries may already be obsolete," stated Chowdhry.
Additionally, developers at the conference thought IBM Watson was "way behind" both Amazon and Google in capabilities.
On NVIDIA, Chowdhry said Amazon, Microsoft Corporation (NASDAQ: MSFT), and Alphabet "are all working with Nvidia to provide both hardware
acceleration as well as software acceleration to machine learning algorithm." Furthermore, Chowdrhy believes NVIDIA would continue
to remain "the singular beneficiary of industry movement towards machine learning" for the next 12 to 18 months.
At Time Of Writing...
- Microsoft was up 2.15 percent at $51.15.
- Amazon was up 0.16 percent at $715.13.
- Alphabet (GOOGL) was up 0.13 percent at $707.06.
- Alphabet (GOOG) was up 0.13 percent at $694.59.
- IBM was up 0.33 percent at $154.12.
- NVIDIA was down 0.21 percent at $47.46.
Latest Ratings for MSFT
Date |
Firm |
Action |
From |
To |
May 2016 |
Cowen & Company |
Upgrades |
Market Perform |
Outperform |
May 2016 |
Cowen & Company |
Upgrades |
|
Outperform |
May 2016 |
Canaccord Genuity |
Initiates Coverage on |
|
Hold |
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