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24.11.2024 11:40:00

Prediction: This 1 Catalyst Will Help Nvidia Do Something No Other Company Has Ever Done.

In just a few years, Nvidia (NASDAQ: NVDA) has accomplished a lot. The company went from primarily serving the video-gaming market with its chips and generating less than $5 billion in annual revenue to a position as artificial intelligence (AI) chip leader. This dominance is helping Nvidia bring in more revenue in just one quarter than it used to generate in a whole year. Revenue climbed 94% to a record of more than $35 billion in the recent three-month period.On top of this, Nvidia has scored other wins, such as entering the Dow Jones Industrial Average this year and soaring past Apple to become the world's most valuable company at more than $3.5 trillion. Now, moving forward, what's next for Nvidia? My prediction is one catalyst will help this AI powerhouse do something that no other company has ever done.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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