This Artificial Intelligence (AI) Stock Could Be the Best Investment of the Decade
Investors always want to find the next big thing. That's especially true in the fast-moving technology sector. Just look at how quickly revenue and earnings have exploded for Nvidia (NASDAQ: NVDA) over the last 18 months.While revenue nearly tripled in that time, earnings per share for this artificial intelligence (AI) leader soared 287%. There are going to be many other winners in the AI space as well as other technology sectors. Every retail investor would like to find the next Nvidia. But sometimes investors try to get too cute. Sometimes, the next big winner is the one you already know.The surge in Nvdia's business came from its data center segment. Nvidia has exposure to much more than just data centers, but it makes sense to focus on it for now. It currently dominates the business. Full-year revenue from its data center business rose 142% to $115.2 billion in the recently reported fiscal year.Continue reading
Investors always want to find the next big thing. That's especially true in the fast-moving technology sector. Just look at how quickly revenue and earnings have exploded for Nvidia (NASDAQ: NVDA) over the last 18 months.
While revenue nearly tripled in that time, earnings per share for this artificial intelligence (AI) leader soared 287%. There are going to be many other winners in the AI space as well as other technology sectors. Every retail investor would like to find the next Nvidia. But sometimes investors try to get too cute. Sometimes, the next big winner is the one you already know.
The surge in Nvdia's business came from its data center segment. Nvidia has exposure to much more than just data centers, but it makes sense to focus on it for now. It currently dominates the business. Full-year revenue from its data center business rose 142% to $115.2 billion in the recently reported fiscal year.
