Jensen Huang Says AI Is Progressing at an "Incredible Pace." Where Will Nvidia Stock Be in 1 Year?

Nvidia (NASDAQ: NVDA), the producer of the world's most powerful artificial intelligence (AI) chips, has been at the forefront of the AI revolution. Customers have piled into these top graphics processing units (GPUs) for the crucial AI tasks of training and inferencing of models. So Nvidia plays a key role in helping customers at the earliest stages of their AI journey.On top of this, the company has developed an entire portfolio of AI products and services to accompany customers through every stage of their AI programs. All this has helped the tech giant deliver double- and triple-digit quarterly revenue in recent years and has sent revenue to record levels. And Nvidia, maintaining gross margin above 70%, has delivered strong profitability on sales.The great news is this success story may be far from over. Nvidia chief executive officer Jensen Huang, speaking at CES earlier this month, said AI is progressing at an "incredible pace." Considering this, where will Nvidia stock be in one year? Let's find out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool