NVIDIA's Market Cap Is Over $100 Billion. Now What?

NVIDIA's Market Cap Is Over $100 Billion. Now What?

It's hard to believe that just a few years ago, NVIDIA (NASDAQ: NVDA) was teetering around small- to mid-cap status. The chip specialist now has a market capitalization that classifies it as a legitimate tech giant. NVIDIA's stock is up about 900% over the last three years, and the company sports a total market value (number of shares outstanding multiplied by price per share) of over $100 billion.

After such a rapid ascent, it's important to stay mindful of NVIDIA's market opportunity. In other words, how much further can NVIDIA grow? Before we address this question head on, it might help first to take a look back at the PC market in the 1990s, when Intel (NASDAQ: INTC) was experiencing robust demand for central processing units (CPUs), just as NVIDIA is enjoying today with its graphics processing units (GPUs).

Volvo XC90 SUV powered by NVIDIA's DRIVE PX self-driving car technology. IMAGE SOURCE: NVIDIA INC.

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Source: Fool.com