Where Will Nvidia Stock Be in 2 Years?
The past two years have been absolutely phenomenal for Nvidia (NASDAQ: NVDA) investors, as shares of the graphics card specialist shot up 736% during this period once it became evident that the company is going to play a central role in the proliferation of artificial intelligence (AI).
Nvidia's stellar returns can be justified by the rapid growth in its revenue and earnings during this period, a result of its monopoly-like position in the AI chip market. The good part is that Nvidia seems capable of sustaining its stunning rally over the next three years as well, especially after the comments that management made on the company's recent earnings conference call.
Let's look at the reasons why Nvidia investors can expect this high-flying semiconductor stock to deliver more upside.
Source Fool.com
