Reported 8 months ago
Shares of Nvidia surged over 6% on Tuesday, reaching a market cap exceeding $3 trillion, following news that the company entered a partnership to provide AI technology to telecom company Ooredoo in the Middle East. Despite concerns about the sustainability of Nvidia's growth, experts believe that the adoption of AI is still in early stages, with generative AI projected to become a $1.3 trillion market by 2032. With Nvidia stock priced at around 35 times forward earnings, the ongoing AI opportunity presents a promising investment potential.
Source: YAHOO