And for good reason — Nvidia is fueling the proliferation of advanced chatbots, like ChatGPT. Also, its chips can be used by other companies to power the performance of complex tasks like facial, image, and speech recognition in the blink of an eye.
It’s a company I covered on March 2 when shares were trading for $224.88.
At $438.50 as of this writing, that’s a tidy gain that’s just a hair shy of 95%.
But if you missed that elevator up in Nvidia’s share price, don’t worry.
Just look at the chart below:
That’s the global projected value of the AI market, which is expected to reach nearly $2 trillion by 2030.
That means that as solid as Nvidia has been and can be in rewarding shareholders… there are also plenty of other AI opportunities out there.
Like the company that Derby City Insights Senior Analyst Landon Swan recently shared. “They are helping push everything that really matters in tech right now. If I were going to bet on one of the companies that’s not OpenAI to dominate or at least succeed in the artificial intelligence sector, it would be this company,” he said in an interview on the Schwab Network.
The stock price has already gained more than 50% for the year, but even though this is a well-known company, it may still be underappreciated when it comes to its power in the AI sector.
In other words, it could just be the start of a long-term profit opportunity for savvy investors.
In less than eight minutes, Andy will reveal the company and get you caught up on everything you need to know.
Just click the “Play” button on the image below:
