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NvidiaThe Motley Fool
•79% Informative
Nvidia 's AI-optimized hardware chips, a complete software ecosystem, high-speed networking solutions, and servers to enable clients to build "AI factories" The AI frenzy propelled Nvidia 's stock to an all-time high of over $1,200 in early June .
However, the company's stronghold in the AI chip market may get challenged in the long run.
Assuming Nvidia 's P/S multiple remains at the current 38.6x level (a very aggressive estimate), the company's market capitalization will be around $14.7 trillion -- 4.7 times its current market value.
The chances of Nvidia 's share price crossing $ 1,000 in the next decade appear slim.
These projections can change in case Nvidia makes more dramatic advances in AI technologies in the coming years .
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