Prediction: in 3 years Nvidia stock will be worth…
Nvidia (NASDAQ: NVDA) stock has had a phenomenal run in recent years. Over the last half-decade, it’s soared roughly 1,500%, turning a $1,000 investment into about $16,000.
After that incredible run – which has seen the company’s market-cap balloon to over $3trn – many investors believe that returns from here are likely to be limited. However, looking ahead, I personally believe there’s potential for more gains.
Here’s where I think the tech stock could be in three years.
Demand for AI chips
Nvidia’s key offering today – and the main driver of its recent success – is artificial intelligence (AI) chips (GPUs). These ‘accelerated computing’ products allow companies involved in AI such as…
