Where Will Nvidia Stock Be in 5 Years?
Long-term investing is the key to generating sustainable returns in the stock market. Perhaps few will understand this better than Nvidia (NASDAQ: NVDA) shareholders, who have enjoyed total returns of more than 3,000% during the past five years despite challenges like the COVID-19 pandemic and rising interest rates, which crushed many stocks in the short term.
But what could the next half-decade have in store for this powerful technology leader?
Since the release of OpenAI's ChatGPT in late 2022, the tech industry has scrambled to accumulate generative artificial intelligence (AI) hardware, such as Nvidia graphics processing units (GPUs), which provide the processing power necessary to run and train AI's complex algorithms. Nvidia's second-quarter earnings demonstrate how this new demand has transformed its operations.
Source Fool.com
