1 Overlooked Reason Nvidia's Profits Could Soar Over the Next Decade
Leading semiconductor designer and now the embodiment of all things artificial intelligence (AI), Nvidia (NASDAQ: NVDA), has become a battleground stock. Sure, the company's meteoric revenue and profit growth are the real deal. However, the jury is now out on how long this upcycle can last.
In recent years, Nvidia has gone through numerous vicious cycles of explosive growth, followed by periods of decline -- driven by upgrades to PC video gaming hardware, the cryptocurrency boom and bust, and now generative AI. Suffice to say that at some point, Nvidia will undergo another downturn.
However, it's hard to deny just how embedded the company has become in the economy. Nvidia has been spreading its AI-fueled windfall around in recent months, and it could be a misunderstood way profits could continue to churn higher in the next decade and beyond.
Source Fool.com
