Where Will Nvidia Stock Be in 5 Years?
While it's still undoubtedly the most watched stock in tech, some of the heat surrounding Nvidia (NASDAQ: NVDA) seems to have cooled over the last few weeks. At this point, it's not enough for the company to post great numbers. It's not even enough to handily beat Wall Street's sky-high expectations. For Nvidia to really move the needle, it has to blow them out of the water.
Although many investors may be disappointed with the nearly 8% slide from before it reported earnings through Dec. 10, short-term price movements are of little importance in the scheme of things. So, zooming out, where will Nvidia stock be in five years?
Maybe it's old news at this point, but it bears repeating. The artificial intelligence (AI) arena is enormous, growing rapidly, and is likely to dominate markets for years to come. You don't have to buy in completely to the loftiest promises of the industry -- and there are many -- to see that the technology has immense potential. PwC -- one of the "Big Four" accounting firms -- anticipates AI could contribute $15.7 trillion to the global economy by 2030.
Source Fool.com
