Where Will Nvidia Stock Be in 3 Years?
It's not much of an exaggeration to say there would be no generative artificial intelligence (AI) industry today without Nvidia (NASDAQ: NVDA). The chipmaker's hardware was crucial for training and running the first large language model (LLM), ChatGPT. And investors have been richly rewarded with shares up by over 360% over the previous three years (at the time of this writing).But past performance doesn't guarantee future results, and Nvidia faces a slew of challenges and opportunities over the coming years. Let's explore how these factors could influence the performance of its stock.Nvidia's AI hardware business is still booming. Fourth-quarter revenue jumped 78% year over year to $39.3 billion as it began the rollout of its new Blackwell-based AI chips used to run and train AI algorithms. However, while companies are still willing to spend big bucks for Nvidia's latest and greatest offerings, it is unclear how long this dynamic will last.Continue reading
It's not much of an exaggeration to say there would be no generative artificial intelligence (AI) industry today without Nvidia (NASDAQ: NVDA). The chipmaker's hardware was crucial for training and running the first large language model (LLM), ChatGPT. And investors have been richly rewarded with shares up by over 360% over the previous three years (at the time of this writing).
But past performance doesn't guarantee future results, and Nvidia faces a slew of challenges and opportunities over the coming years. Let's explore how these factors could influence the performance of its stock.
Nvidia's AI hardware business is still booming. Fourth-quarter revenue jumped 78% year over year to $39.3 billion as it began the rollout of its new Blackwell-based AI chips used to run and train AI algorithms. However, while companies are still willing to spend big bucks for Nvidia's latest and greatest offerings, it is unclear how long this dynamic will last.
