Where Will Nvidia Stock Be in 10 Years?
Technology companies must constantly evolve to stay relevant. And Nvidia (NASDAQ: NVDA) is no stranger to this phenomenon. Founded in 1993, the legendary chipmaker first made its name in video game graphics, eventually getting a notable boost from cryptocurrency mining before its big break with the arrival of generative AI in late 2022.
Now, Nvidia's data center business (where it sells AI chips) represents 89% of its $44.1 billion in total revenue, while the once-core gaming segment represents just under 9%.
But this is not the time for management to rest on its laurels. There are already signs that its AI chip business could be slowing. And over the next decade, a transition to new business verticals could be key to the company's success.
Source Fool.com
