Quick Summary
• Investors have become increasingly anxious about the sustainability of NVIDIA‘s growth trajectory, which is a rather natural outcome when a stock goes up infinity percent or so over the course...
Additional Context
Investors have become increasingly anxious about the sustainability of NVIDIA‘s growth trajectory, which is a rather natural outcome when a stock goes up infinity percent or so over the course of a decade. Meanwhile, this healthy skepticism has left the company’s share price at levels that recently led Bloomberg to say it now “looks like a value stock,” and CEO Jensen Huang just declared that the chipmaker anticipates at least $1 trillion in revenue through the end of next year.
Of course, in order to remain optimistic about the AI boom’s longevity, it’s not enough to factor in NVIDIA’s own projections: what’s perhaps even more critical at this point is the revenue that NVIDIA’s customers are bringing in thanks to adoption of the company’s tech. Moreover, those customers can’t just be hyp