Prediction: This Artificial Intelligence (AI) Stock Could Be Worth More Than Nvidia by 2030
Nvidia has added over $2 trillion in market value over the last two years, and is currently the third-most valuable company in the world.
Artificial intelligence (AI) has become a major tailwind for technology businesses over the last couple of years. But just how big of a factor is the AI boom for the world's largest enterprises?
Consider semiconductor powerhouse Nvidia (NASDAQ: NVDA) as a prime example. Exactly two years ago, Nvidia's market capitalization was $700 billion. Today, it is worth north of $2.7 trillion -- trailing only Microsoft and Apple as the world's most valuable companies.
Over those same two years, e-commerce and cloud computing behemoth Amazon (NASDAQ: AMZN) added just shy of $1 trillion to its own market value. While Amazon trails Nvidia's valuation today, I think the company could be worth much more than the semiconductor giant by next decade.
