Could Nvidia Really Bring in $40 Billion a Year in Sales From This One Software Product?
Nvidia (NASDAQ: NVDA) CEO and co-founder Jensen Huang's comments during quarterly earnings updates are always a must-listen. But the leader of the world's largest semiconductor company (as measured by market capitalization) dropped some real bombshells during the fiscal 2022 third-quarter update for the three months ended Oct. 31, 2021.
Huang hinted that just one product within the company's new Omniverse software suite, Avatars, could bring in $40 billion a year in technology spending someday.
Suffice to say that's a big number, especially considering Nvidia has only hauled in $24 billion in sales over the last 12-month period. But if Huang is right and Avatars is as big an opportunity as his company thinks, it explains why Nvidia stock could still be one of the best tech investments for the duration of the 2020s.
Source Fool.com
