Where Will Nvidia Stock Be in 4 Years? The Answer May Shock You.
Nvidia holds a dominant market share in the data center GPU space.
Right now, Nvidia (NASDAQ: NVDA) is one of the most popular artificial intelligence (AI) stocks on the market, although it has taken a bit of a beating during the marketwide sell-off. However, investors don't need to consider where Nvidia is right now. Instead, they should focus on years down the road. The market is a forward-looking entity, so investors should be, too.
Nvidia CEO Jensen Huang recently predicted where the company will be in four years. While most predict that Nvidia's business will grow, few realize the potential growth in store.
Nvidia makes graphics processing units (GPUs), which are suited for many tasks requiring intense computing power. Originally, they were used for processing gaming graphics, but eventually found use in other industries, like cryptocurrency mining, engineering simulations, and drug discovery. However, their biggest use case to date has been AI model training.
