Nvidia’s data center business has been driving its growth, but its gaming and AI PCs segment shouldn’t be overlooked. The end-market opportunity suggests sustained growth potential. Data center revenue has skyrocketed from $15 billion to an estimated $192 billion this fiscal year. Another growth driver could add $350 billion to Nvidia’s market cap in the long run.
While the data center business is crucial, Nvidia’s gaming segment is quietly growing. Gaming revenue increased by 30% year over year, contributing nearly $15 billion to the company’s revenue. Nvidia’s monopoly-like position in discrete GPUs drives growth in gaming and AI PCs. The market size for gaming GPUs could reach $145 billion by 2034.
Nvidia’s gaming and AI PC business could see sustainable 30% growth, potentially reaching $56 billion in revenue next five years. This growth could add almost $350 billion to Nvidia’s market cap. Investors have a solid reason to consider investing in this AI stock for long-term growth potential.
Read more at Nasdaq: Prediction: This Red-Hot Opportunity Could Add Nearly $350 Billion to Nvidia’s Market Cap
