#7 - NVIDIA (NASDAQ:NVDA)
Any conversation about changing the world must include AI—and NVIDIA Corp. (NASDAQ: NVDA) remains the market share leader in providing the key infrastructure that businesses will need to create and house their AI models.
Artificial intelligence has so many applications ranging from gaming to healthcare to autonomous driving. But as rapidly as AI is changing modern life, it’s still in the early stages. And NVIDIA has a clear first-mover advantage.
NVIDIA hardware is already used in 75% of the world’s TOP500 supercomputers. And as the push comes toward a quantum future, NVIDIA hardware will be critical to helping scientists solve some of the world’s most complex problems, including climate modeling and drug discovery. That means NVIDIA will be relevant for years to come, and that’s a good reason to believe that NVDA stock is still a great investment.
About NVIDIA
NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
More about NVIDIA- Current Price
- $116.65
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 38 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $164.96 (41.4% Upside)
For investors older than 40, some of what's happening in the market today may feel a lot like the late 1990s and early 2000s.
Back then, companies like Amazon.com Inc. (NASDAQ: AMZN) and Apple Inc. (NASDAQ: AAPL) were promising to change the way we thought of this new thing called the internet. Fast-forward to today, the investors who bought those two companies early have been handsomely rewarded.
So where are the Amazons and Apples in today's market? While only time will tell, history does have a pattern. The companies featured in this presentation are just starting to write their own chapters, and some may be early-stage giants in the making. Of course, the path forward won’t be straight, and there will likely be twists and turns along the way. But staying informed gives you an edge.
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