How Nvidia Could Become the Biggest Company in the World in a Decade
When Nvidia (NASDAQ: NVDA) published its first-quarter results at the end of May, the company's performance and forward guidance sent shockwaves through the investing world. The average analyst estimate had forecast that the company would guide for roughly $7.15 billion in second quarter, but the semiconductor leader wound up guiding for $11 billion in sales thanks to surging demand for artificial intelligence (AI).
The blowout quarterly results and guidance triggered massive gains for Nvidia stock and also helped power bullish momentum for other companies with AI exposure and the broader tech sector.
With a market capitalization of roughly $1 trillion, Nvidia currently ranks as the world's sixth-largest company. Believe it or not, the processing leader could go on to become the most valuable company within the next decade.
Source Fool.com
