Prediction: This Will Be Nvidia’s Stock Price 5 Years From Now
Key Points
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Nvidia is the dominant force in the data center GPU market.
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Soaring data center spending is expected to rise to between $3 trillion and $4 trillion by the end of the decade.
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The stock is still attractively priced.
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Perhaps as much as any other company, Nvidia (NASDAQ: NVDA) has ridden the wave of artificial intelligence (AI) adoption to new heights, becoming the world’s largest company by market cap in the process. The company pioneered the graphics processing unit (GPU), which provide the computational horsepower that underpins AI. Many experts believe it’s still early innings for AI, and the opportunity is vast.
Since the dawn of AI in early 2023,…
