Is Nvidia Still a Millionaire-Maker Stock?
Historically, few companies have demonstrated more millionaire-maker potential than Nvidia (NASDAQ: NVDA). The tech giant's shares have soared by more than 22,000% over the last decade, generating plenty of shareholder wealth in the process.That said, with a market cap of $3 trillion, Nvidia is already the third-largest company in the world. Growing concerns about the sustainability of AI hardware spending raise questions about how much more it can realistically rise. Let's dig deeper to find out what the future may hold. Since the launch of OpenAI's ChatGPT in 2022, tech giants have been scrambling to stay competitive in the market for large language models (LLMs), a type of AI algorithm that can create conversational responses based on a trained dataset. To this end, they have poured billions of dollars into purchasing Nvidia's cutting-edge graphics processing units (GPUs) to train and run these complex programs.Continue reading
Historically, few companies have demonstrated more millionaire-maker potential than Nvidia (NASDAQ: NVDA). The tech giant's shares have soared by more than 22,000% over the last decade, generating plenty of shareholder wealth in the process.
That said, with a market cap of $3 trillion, Nvidia is already the third-largest company in the world. Growing concerns about the sustainability of AI hardware spending raise questions about how much more it can realistically rise. Let's dig deeper to find out what the future may hold.
Since the launch of OpenAI's ChatGPT in 2022, tech giants have been scrambling to stay competitive in the market for large language models (LLMs), a type of AI algorithm that can create conversational responses based on a trained dataset. To this end, they have poured billions of dollars into purchasing Nvidia's cutting-edge graphics processing units (GPUs) to train and run these complex programs.
