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This Artificial Intelligence Stock Is Headed Toward $1 Trillion. This Chart Shows Why.

TheMotleyFool

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This Artificial Intelligence Stock Is Headed Toward $1 Trillion. This Chart Shows Why.: https://g.foolcdn.com/editorial/images/735360/screenshot.png

Over the last several weeks, investors listened to corporate executives discuss the topic of artificial intelligence (AI) on earnings calls. While AI seems like the new buzzword, there are some legitimate reasons to be bullish.

Perhaps no other company has benefited more from the AI mania than chipmaker Nvidia (NASDAQ: NVDA). Nvidia's earnings report was solid, but its guidance was so far ahead of Wall Street expectations that the stock jumped well over 30% and the company briefly joined the $1 trillion market cap club. What really stood out on the earnings call was how well the company's data center business performed.

Image source: Nvidia investor presentation.

Source Fool.com

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