Prediction: Nvidia Stock Will Underwhelm After Feb. 26 for 3 Very Specific Reasons
The best days may be in the rearview mirror for the face of the artificial intelligence (AI) revolution.
Roughly three decades ago, the advent of the internet and its mainstream proliferation began changing the business world forever. Though this transformation didn't occur overnight, investors have been waiting quite some time for the next game-changing innovation to come along and bolster the long-term growth prospects of corporate America. After an extensive wait, artificial intelligence (AI) appears to have answered the call.
Software and systems are being empowered by AI to make decisions, reason, and evolve, all without the aid of human intervention. With use cases in most industries around the globe, it's perhaps no surprise that the analysts at PwC are forecasting a $15.7 trillion benefit to the global economy from AI by 2030.
No public company has taken the bull by the horns more during the early stages of the AI revolution than Nvidia (NASDAQ: NVDA). The company's Hopper (H100) and Blackwell graphics processing units (GPUs) have quickly become the standard for high-compute enterprise data centers responsible for training large language models and running generative AI solutions.
