Prediction: Once the Panic Dies Down, Nvidia Stock Will Soar to a New Record High

The Nasdaq Composite has led the market higher over the past couple of years, and while improving economic conditions have likely been the biggest catalyst, developments in the field of artificial intelligence (AI) run a close second. AI has been around for decades, but recent advancements have the potential to be a game-changer by streamlining mundane tasks and increasing productivity.One of the biggest beneficiaries of this trend is Nvidia (NASDAQ: NVDA), which pioneered the graphics processing units (GPUs) that have become the gold standard for running AI systems. However, reports emerged recently that suggested a Chinese start-up had cracked the code for developing strong AI systems while using inferior chips and novel training processes. If true, this could spell bad news for Nvidia, whose stock has gained roughly 500% over the past two years (as of this writing), fueled by robust sales and even more impressive profits.While the news is certainly concerning, I predict that once the panic subsides, Nvidia stock will soar to new heights. Here are three reasons why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool