Can Nvidia Live Up to Its Sky-High Expectations?
No other company has seen as much of a business transformation as Nvidia (NASDAQ: NVDA) in 2023. Throughout 2022, Nvidia's sales were falling. However, thanks to unprecedented demand for its GPUs (graphics processing units), Nvidia has come roaring back and is now one of the top stocks to own in 2023.
But Nvidia's performance hasn't completely been due to business gains, as there are a lot of lofty expectations built into its stock price. But should this detract investors from Nvidia's stock? Read on to find out.
GPUs play an essential role in artificial intelligence (AI). AI models are built from massive datasets that require powerful computational devices to process them. The most efficient tool for this job is hundreds or thousands of GPUs connected in parallel to pool their resources to interpret and train a model. After that model is created, it still requires the resources to update it continuously.
Source Fool.com
