Could NVIDIA Be a Millionaire Maker Stock?

NVIDIA (NASDAQ:NVDA) designs and manufactures advanced computer graphics processors, chipsets, and multimedia software. Its Tegra processor integrates an entire computer onto a single chip for supercomputing in autonomous cars, drones, and robots as, well as for gaming consoles and mobile gaming. Further, its data center products continue to grow for the company.

The stock has been on a roller coaster this year. The trade war spooked investors several times and growth in artificial intelligence (AI) and machine-learning were responsible for spikes in the stock price on other occasions.

The trade dispute with China has buffeted American technology companies and caused investors to run for the exits. But adaptation is the name of the game, and the best U.S. tech businesses — like NVIDIA — are doing just that. And so for NVIDIA, an explosive new growth phase may be just beginning.

Hands holding tablet overlaid with artificial intelligence architecture

Image source: Getty Images

NVIDIA builds its own island in the trade storm

Jensen Huang, the company’s CEO, was the keynote speaker at the Mobile World Congress in Los Angeles last month, where he revealed the innovations and partnerships that are helping his company diversify away from China.

He explained how NVIDIA will be at the center of what he called the “smart everything revolution,” also known as the Internet of Things (IoT). Data collected via small boxes everywhere — from traffic lights to communications centers — will be instantly processed and sent to cloud-based data centers. Everything will be connected, or “smart.” The glue holding it all together: NVIDIA’s EGX Edge Supercomputing Platform, a cloud-based product merging AI and 5G networks. It allows companies to harness rapidly streaming data for decision-making in everything from production to customer services.

EGX is being used…

Source Link