Daily Scoop🍨: Nvidia (NVDA) The 1st $20 Trillion AI Company
Arguably, the biggest beneficiary thus far has been Nvidia (NASDAQ: NVDA). The company pioneered the graphics processing units (GPUs) that originally rendered lifelike images in video games. These chips delivered the horsepower needed for this computationally intensive task. GPUs proved equally adept at powering AI, sending Nvidia into the stratosphere. The stock has gained more than 800% since early last year, leaving some investors to wonder if its simply too late to buy.
AI Chips now are used to virtually recreate the whole world including birds, animals and humans. Below is a sample of virtual birds interacting with touch screen museum kiosks.
Fear not, for Nvidia has what it takes to be the world's first $20 trillion company, at least according to one Wall Street analyst. That implies additional upside for the stock of nearly 500% from its current level. Is that realistic?
Modify on 2024-12-14 18:10
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