These Tech Titans Are Teaming Up Against Nvidia
Nvidia's (NASDAQ: NVDA) shares soared nearly 2,000% over the past five years and turned the chipmaker into the world's third-most-valuable company. That growth was largely driven by its brisk sales of data center GPUs for processing AI tasks.
The market's appetite for those high-end GPUs could continue to outstrip Nvidia's available supply for the foreseeable future. Its revenue soared 126% in fiscal 2024 (which ended this January), and analysts expect it to maintain a compound annual growth rate (CAGR) of 37% from fiscal 2024 to fiscal 2027 as the artificial intelligence (AI) market expands.
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Source Fool.com
