Where Will Nvidia Be In 3 Years?

Nvidia has positioned itself as an uncontested leader in the artificial intelligence (AI) space, with its GPUs becoming the preferred choice for running the high-performance computing and AI workloads of major data centers. A New Street Research report claims that Nvidia’s GPUs accounted for a 95% share of the machine learning (ML) market. Hedge fund manager Stanley Druckenmiller considers Nvidia a solid buying opportunity for the next two to three years. Nvidia CEO Jensen Huang has predicted that data center operators will be spending nearly $1 trillion in the next four years on upgrading chips and other systems for AI workloads. Nvidia has also made major strides in the AI software business, with a long-term annual target addressable market of $1 trillion.