Prediction: This Will Be Nvidia’s Stock Price 3 Years From Now
Key Points
-
Nvidia’s GPUs are the defining pillar supporting AI development.
-
Hyperscalers are expected to spend trillions on AI infrastructure over the next several years.
-
Nvidia is poised for sustained revenue and profit growth as the company continues capturing infrastructure spend.
- 10 stocks we like better than Nvidia ›
Since I began my investing journey about 10 years ago, I’ve witnessed my share of emerging themes built on hype, euphoria, and hope. From blockchain technology to the metaverse, I don’t think I’ve seen anything quite like the excitement around the artificial intelligence (AI) megatrend.
Since OpenAI commercially launched ChatGPT on Nov. 30, 2022, the S&P 500 (SNPINDEX: ^GSPC) has…
