Nvidia Dominates AI Chip Market, EPS Estimates Predict 41% Stock Surge
• Nvidia has captured 80-95% of the fast-growing AI chip market, with revenue up 265% last quarter thanks to a 409% spike in data center (AI) sales
• Despite huge stock gains, Nvidia's valuation ratios show the stock is at a 12-month low based on price-to-earnings and price-to-free cash flow
• Nvidia is benefiting from the recovering PC market, with gaming revenue up 56% amid a slight rise in global PC shipments
• EPS estimates predict Nvidia's stock could rise 41% to $1,252 in the next 2 years, beating the S&P 500
• Nvidia's leading position in multiple mass markets (AI, PCs, gaming, data centers) gives it strong growth prospects to reward new investors