Posted 4/6/2024, 8:19:00 PM
Nvidia Poised for Massive AI Chip Growth, Potentially Doubling Stock Price
- Nvidia's data center revenue jumped 217% last year to $47.5 billion and could reach $280 billion by 2027
- Strong growth driven by new H200, B100, B200, and Blackwell AI chips launching over next 2 years
- Major cloud computing companies like Amazon and Microsoft lined up to use new chips in AI data centers
- Nvidia dominates AI chip market with over 90% market share currently
- Stock could double in 4 years if hits revenue projections, making it a top AI investment