Posted 2/24/2024, 9:14:00 AM
Nvidia Primed for Massive Growth in AI and Computing Era, But Faces Some Competition
- Nvidia is poised for massive growth due to the tipping point of a new computing era needing AI and accelerated computing.
- Nvidia powers many of the other "Magnificent Seven" tech giants like Google, Amazon, Apple, Microsoft, etc.
- Nvidia's CEO expects excellent conditions for growth through 2025 and beyond due to trends in accelerated computing and generative AI.
- Nvidia predicts the data center market, currently worth $1 trillion, could double in 5 years offering them hundreds of billions in revenue.
- Competition from AMD, Meta, Microsoft, and Nvidia customers making their own AI chips could limit Nvidia's growth somewhat.