Nvidia Stock
NVIDIA Stock Riding High on AI-Focused Future
NVIDIA Corporation (NASDAQ:NVDA) has made a solid name for itself over the past few years and continued to climb higher in 2017 as we wrote earlier. We had also stated that, with the rise in artificial intelligence (AI), big data, and powerful graphics processing unit (GPU) platforms, NVDA stock would continue to gain further as the company had uniquely positioned itself to benefit from these technology trends.
NVIDIA stock in 2018 is expected to continue scaling new heights. And the reason is that NVIDIA has successfully transformed itself from a gaming chip company to an AI chip maker. NVIDIA’s technology is at the core of the most important trends of today, ranging from AI, autonomous driving, smarter data centers, virtual reality etc. These developments are in addition to its leadership position in making products for gamers.
The company has been successful in growing the application of its industry-leading graphics chip technology into new areas. And this would likely keep NVIDIA stock climbing higher in the coming years.
NVIDIA was a big hit at the Consumer Electronics Show (CES) held at the beginning of 2018 in Las Vegas, where it announced that Uber and Volkswagen will use its AI expertise to help bring self-driving cars to the roads. Its “DRIVE” platform is getting more and more popular among automakers as they plan to use it to build cars of the future.
As the world moves toward accelerated computing, NVIDIA is one of the few companies that are well positioned to gain immensely from this shift.
NVIDIA stock had a phenomenal run last year and it remained one of our best picks. NVIDIA still has a lot of room to grow as it continues to bring innovative and cutting-edge technologies to not only the gaming industry but also industries of the future. The company’s high-end GPUs should continue to gain strong demand, keeping our NVDA stock forecast for 2018 upbeat.
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From: Michael Lombardi, MBA