Prediction: 1 Stock That Will Be Worth More Than Nvidia 10 Years From Now
Nvidia (NASDAQ: NVDA) has become the second-largest company in the world, with a market capitalization of $3.3 trillion as of this writing. The terrific demand for artificial intelligence (AI) chips is playing a key role in helping the chipmaker achieve this position.
The semiconductor giant's impressive rise can be justified by the phenomenal increase in its revenue and earnings over the past couple of years, thanks to the dominant position it has built for itself in the market for AI chips. After all, Nvidia reportedly controls somewhere between 80% to 85% of the market for AI chips.
More importantly, it has been diversifying into additional avenues so that it can keep growing at a healthy rate over the next 10 years.
Source Fool.com
