There aren’t many companies out there that can boast about having a better past few years than Nvidia. The graphics card developer has exploded in value. Forbes reports that “the Santa Clara-based chipmaker’s stock is up nearly 170% in the past 12 months.” Not bad for a gaming hardware company.
The truth though is that Nvidia has two trump cards; its recent development of its A.I. division and its strong financials. According to Forbes, “these factors have pushed [Nvidia’s] price target from $140 to $155.” A.I. development has been at the forefront of the tech world, with the likes of Mark Zuckerberg and Elon Musk battling it out over twitter. Nvidia looks poised to be a major player in the field.
“If you look back a few years ago, Nvidia was just a gaming company,” Zeiler told Forbes. “They’ve completely shifted to machine learning.”
Between A.I. and cryptocurrency, it look like the world is really moving towards another level of technology and investors should be educated about both. If you are interested in getting into A.I. investing, start by looking at Nvidia.
You may be interested
Job Hiring is Picking Up as Employers and Consumers Gain ConfidenceLamont J - March 29, 2021
The recent government stimulus for small and medium-sized businesses, personal stimulus checks, and declining Coronavirus cases, are all great news…
Fed Could Maintain 0% Interest Rate Until 2024Adam R - March 26, 2021
The Federal Reserve is holding its target interest rate in a range of 0.00% - 0.25%, even while the economy…