Reported 2 days ago
Despite Nvidia's high stock price, which trades at 42 times forward earnings, there remains a strong growth potential due to the soaring demand for data centers. With global spending projected to surge from $430 billion in 2024 to $1.1 trillion by 2029, Nvidia stands to gain significantly as it captures 94% of the GPU market essential for AI operations. This growth trend suggests it is not too late to invest in Nvidia, especially considering its revenue from data centers has increased by 56% year-over-year.
Source: YAHOO