Watch Out NVIDIA, Tesla's Working on a Custom AI Chip
The evolution of artificial intelligence (AI) has only just begun and thus far there have been very few companies that have been able to meaningfully tap into this nascent technology. One of the biggest beneficiaries thus far has been NVIDIA Corporation (NASDAQ: NVDA). The same parallel processing capabilities that enable graphics processing units (GPUs) to render images also turned out to be ideal for training AI systems.
As a result, NVIDIA is already one of the early winners of AI. The company has doubled its revenue over the last two years, partially the result of AI data center revenue that has grown 600% over the same period. Over the last 24 months, the stock has been on fire, achieving gains of 500%.
Those gains could be in jeopardy if Elon Musk has his way.
Source: Fool.com
NVIDIA Corp. Stock
Our community is currently high on NVIDIA Corp. with 198 Buy predictions and 13 Sell predictions.
With a target price of 120 € there is a slightly positive potential of 6.19% for NVIDIA Corp. compared to the current price of 113.0 €.
