Where Will Nvidia Stock Be in 5 Years?
Nvidia (NASDAQ: NVDA) has done a lot over the past five years. Five years ago, it was nearing the bottom of a cycle thanks to a collapse in the cryptocurrency market. Now, it's reaching new highs as its graphics processing units (GPUs) are in high demand for creating artificial intelligence (AI) models.
While it would have been nearly impossible to predict all of the places Nvidia has gone over the past five years, I'm going to speculate on where it could go in the next five years. Although this prediction will likely be wrong in some ways, it's good at least to develop an investment thesis for the market's most dominant company right now.
Nvidia's GPUs are -- hands down - the best in class. There's a reason why all of the biggest companies that provide the tools to make AI models or create them in-house are using Nvidia GPUs nearly exclusively. However, that exclusivity may be dwindling.
Source Fool.com
