How Healthcare Can Become Big Business for NVIDIA

Healthcare is turning out to be a potentially fertile ground for the application of artificial intelligence (AI). According to a report by Markets and Markets, application of AI in healthcare is expected to rise at a rapid annual pace of over 52% over the next five years, creating an $8 billion revenue opportunity.

One of the ways to tap into this multibillion-dollar opportunity is through NVIDIA (NASDAQ: NVDA), which is making impressive progress in this space with recent partnerships and contract wins. Let's take a look at how AI in healthcare could turn out to be a big business for the chipmaker.

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Source: Fool.com