From Nasdaq:

Nvidia (NASDAQ: NVDA) is dominating the AI market with its GPUs, making it a key player for big companies investing in artificial intelligence. The stock has surged over 400% in less than three years and could potentially see another fivefold gain by 2030.

Despite competition from AMD and major customers developing their own AI chips, Nvidia’s CEO remains optimistic about the company’s future growth. The shift to accelerated computing and generative AI could drive massive revenue opportunities, potentially leading to a 5x return by 2030.

While Nvidia’s potential for growth is significant, its current price-to-sales ratio of nearly 31.8 has valuation experts like Aswath Damodaran cautious. However, the company’s strong position in the AI market could still lead to substantial returns in the future, making its long-term prospects intriguing for investors.



Read more at Nasdaq: Could Nvidia Deliver Another 5X Gain by 2030? Here’s Why It’s Not Out of the Question.