1 Trillion Reasons to Buy Nvidia's Stock Right Now
At its GTC conference, Nvidia (NASDAQ: NVDA) gave investors 1 trillion potential reasons to buy its stock. That came in the form of CEO Jensen Huang projecting that data center infrastructure capital expenditure (capex) would hit $1 trillion or more by 2028.Investors, nonetheless, largely shrugged off the robust forecast and other upbeat news from the event. That said, if Nvidia's projections come to fruition, the stock has a lot more upside from here.$1 trillion in data center infrastructure capex by 2028 would be a continued acceleration of spending in the space, which would be great news for Nvidia. The company's graphics processing units (GPUs) have become the backbone of the artificial intelligence (AI) infrastructure buildout, due to their powerful data processing abilities and ease of use.Continue reading
At its GTC conference, Nvidia (NASDAQ: NVDA) gave investors 1 trillion potential reasons to buy its stock. That came in the form of CEO Jensen Huang projecting that data center infrastructure capital expenditure (capex) would hit $1 trillion or more by 2028.
Investors, nonetheless, largely shrugged off the robust forecast and other upbeat news from the event. That said, if Nvidia's projections come to fruition, the stock has a lot more upside from here.
$1 trillion in data center infrastructure capex by 2028 would be a continued acceleration of spending in the space, which would be great news for Nvidia. The company's graphics processing units (GPUs) have become the backbone of the artificial intelligence (AI) infrastructure buildout, due to their powerful data processing abilities and ease of use.
