Nvidia Stock Is Doing Something It's Only Done Twice Before in the Past 4 Years. History Says This Will Happen Next.
Nvidia (NASDAQ: NVDA) stock has been one of the market's best performers in recent times, even posting the biggest gain last year in the Dow Jones Industrial Average with a 171% increase. What's the reason for this momentum? The company has built tremendous leadership in what may be today's highest-growth and highest-potential market: artificial intelligence (AI).Today's $200 billion AI market is forecast to reach more than $1 trillion by the end of the decade, and AI holds the potential to transform many industries and our daily lives. All of this could generate significant revenue growth for companies in the space. Nvidia's earnings already are benefiting, since the company sells the products and services -- from chips to software -- needed to develop AI and apply it.As a result, the tech-giant's revenue has advanced in the double-digits and triple-digits, quarter after quarter, reaching records well into the billions of dollars. The stock price, as mentioned, has followed.Continue reading
Nvidia (NASDAQ: NVDA) stock has been one of the market's best performers in recent times, even posting the biggest gain last year in the Dow Jones Industrial Average with a 171% increase. What's the reason for this momentum? The company has built tremendous leadership in what may be today's highest-growth and highest-potential market: artificial intelligence (AI).
Today's $200 billion AI market is forecast to reach more than $1 trillion by the end of the decade, and AI holds the potential to transform many industries and our daily lives. All of this could generate significant revenue growth for companies in the space. Nvidia's earnings already are benefiting, since the company sells the products and services -- from chips to software -- needed to develop AI and apply it.
As a result, the tech-giant's revenue has advanced in the double-digits and triple-digits, quarter after quarter, reaching records well into the billions of dollars. The stock price, as mentioned, has followed.
