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Where Will Nvidia Stock Be in 3 Years?

TheMotleyFool

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Where Will Nvidia Stock Be in 3 Years?Photo, wide shot, wide-angle lens, Telecom equipment supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/ad10ed87-71d0-4096-a50b-ba9470f8264b.png

Three years ago, OpenAI's ChatGPT hadn't even launched. Today, it is the leading software service in the multibillion-dollar generative artificial intelligence (AI) industry.

Nvidia (NASDAQ: NVDA) also plays a massive role in that arena. But with its shares up by more than 1,000% over the last three years, investors have to wonder how much growth potential is left for the chipmaker. Could it still be a compelling long-term buy?

With a market cap of $4.63 trillion, Nvidia is the largest company in the world. And investors could be forgiven for assuming it's trading at sky-high multiples that are detached from its fundamentals.

Source Fool.com

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