How Nvidia Is Using Generative AI to Accelerate Its Growth
Nvidia (NASDAQ: NVDA) stock has been on a tear in recent months, rebounding from a terrible 2022. The company's shares are up more than 194% since the start of the year, recently edging over a $1 trillion market cap and trading at its highest level ever, fueled by a boom in artificial intelligence (AI).
Wall Street has caught on to the fact that society is rapidly entering the AI age, as this technology is becoming more sophisticated and can potentially revolutionize many industries. Since Nvidia designs an essential component that powers the training and use of AI, the company is well-positioned to be one of the most prominent early winners in the AI space.
In the near and medium term, Nvidia will likely remain a winner in the AI space, but in the long term, there will likely be threats to the company's dominance. Here's why.
Source Fool.com
