Given the events of the past few years, it's a wonder Nvidia (NASDAQ: NVDA) investors don't have whiplash. As the result of record sales generated in 2021, the stock price surged to an all-time high, only to be pummeled by the downturn, which shaved off half the company's value in 2022.

If that wasn't enough, the rise of generative artificial intelligence (AI) and soaring demand for Nvidia's state-of-the-art processors this year has brought the stock roaring back, up 228% (as of this writing), and currently sits just 3% off its all-time high, notched in late August. If history is any indicator, the thrill ride is just getting started.

While AI is currently hogging the news cycle, that's just the latest in a long line of opportunities that management has recognized on the horizon and pivoted to address. Let's look at three opportunities that could fuel the next phase of Nvidia's growth.

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Source Fool.com