Posted 3/11/2024, 1:38:00 PM
Nvidia Soars on Booming AI Chip Demand and Bold Bets in Robotics and Software
- Nvidia's revenue and free cash flow have skyrocketed recently due to huge demand for its GPUs for AI applications
- The company has superior pricing power due to its best-in-class chips outperforming competitors
- Nvidia is investing in related AI areas like voice recognition software and humanoid robots
- It has a growing $1 billion enterprise software business that could boost margins long-term
- Despite a premium valuation, analysts see substantial further upside for the stock price