Bitcoin
BTC$27 080.57

0.50%

Ethereum
ETH$1 893.90

1.22%

Tether
USDT$1.000298

0.02%

Binance Coin
BNB$306.98

0.53%

USD Coin
USDC$1.000012

0%

XRP
XRP$0.518733

2.48%

Is the A.I. revolution about to pump Nvidia stocks?


28 Mar 2023

#Ethereum

The 1993 internet revolution was a game-changer for tech companies. Some of the most notable ones include Amazon, Google, Meta (Facebook), Apple, Microsoft, and Netflix, and early stock investors saw huge returns in both the long and short term. It’s 2023, and there is a new tech revolution in progress - A.I. And at the center of this revolution is one company — Nvidia. Is now the time to buy NVDA? Let's speculate on the long-term price of Nvidia stocks based on some factors that could influence its performance and growth.

Why is Nvidia at the forefront of artificial intelligence?

Nvidia is the leading hardware company that has led the way for artificial intelligence (A.I.) in recent years. The company's products and services include graphics processing units (GPUs), data center platforms, powerful gaming hardware, and recently automotive solutions. Nvidia's success is primarily due to its dominance in the GPU market, which is essential for A.I. applications that require high-performance computing and parallel processing. According to a report by Jon Peddie Research, Nvidia had a 79% market share of discrete GPUs in Q4 2022, followed by AMD with 21%.

Nvidia's GPUs are widely used by cloud service providers, Machine Learning Languages (MLL) gamers, and gaming developers, who need fast and efficient processing power. And all of those industries and services are blooming right now.

Moreover, NVIDIA’s NVLink is the world's first (and only) high-speed GPU interconnection, offering multi-GPU system connections. Connecting multiple graphics cards with NVLink enables huge scaling of memory and performance to meet the massive demands of A.I. workloads. Right now, nobody does it better.

Nvidia’s latest projects

In addition to Nvidia’s Natural Language Processing (NLP), Nvidia has been investing heavily in research and development to create cutting-edge solutions that can enable new capabilities and experiences. For example:

More fields and industries in need of Nvidia technology

As A.I. advances into many areas of business and society, Nvidia will have more opportunities to leverage its expertise and products to capture new markets and customers. Until other companies catch up, Nvidia is the big dog on the block. Companies currently not using A.I. are already exploring the potential.

Some examples of how A.I. could expand and transform various domains include:

These are just some examples of how A.I. could revolutionize various industries and sectors in the future, creating new demand for Nvidia's products and services.

Would a recession cause NVDA to fall?

Many traders are somewhat apprehensive about trading stocks, given that recession fears are high, and we all know what happened during the last downturn. But, tech giants with strong balance sheets saw their stock prices soar after the last recession, which ended in July 2009. Apple rocketed almost 900%, Amazon more than 2,000%, and Microsoft rose more than more than 500%.

In fact, according to an article by Fast Company, big tech companies invest more in times of recession and always come out stronger.

Trading NVDA

Those who bought NVDA back in 2019 saw their investment grow by over 600%, reaching a high of $342. Then came a troublesome 2022, loaded with supply & demand issues, which caused NVDA to fall to $112 in October.

Is the A.I. revolution about to pump Nvidia stocks?

October 2022 marked the beginning of the current bull run, rising 141% to $270. But the current bull doesn’t mean it’s too late to add NVDA to your portfolio. A similar dilemma was true for Amazon, Google, Meta (Facebook), Apple, Microsoft, and Netflix over the last decade.

Nobody can predict the markets with 100% confidence, but with Nvidia, it all comes down to four simple questions: 

If you believe the answer is no, no, no, no, then trading Nvidia is a no-brainer. It’s plausible to speculate that Nvidia's stock price will continue to rise over time, so long as it maintains its leadership position in the GPU market, and continues to innovate and serve the increasing adoption of A.I. across various domains.

Of course, there’s never a guarantee in trading. There are some challenges and risks that could affect Nvidia's stock price negatively, such as regulatory uncertainties on A.I., and perhaps ethical issues in the future.

As always, a bullish estimate is subject to change, and in the tech world, change comes quickly,  therefore, it is advisable to do your own research with due diligence before making any investment decisions regarding Nvidia stocks or any other stocks related to AI technology.


Related

Cryptocurrencies wait for a signal
Cryptocurrencies wait for a signal
What are dynamic NFTs?: Use cases and examples
What are dynamic NFTs?: Use cases and examples
Shanghai Upgrade Fires Up ETH and Altcoins
Shanghai Upgrade Fires Up ETH and Altcoins
Challenges of data accessibility in the NFT market
Challenges of data accessibility in the NFT market
Five tips for investing during a global recession
Five tips for investing during a global recession
What is NFT ticketing and how does it work?
What is NFT ticketing and how does it work?
The crypto market is cheaper than a trillion again
The crypto market is cheaper than a trillion again
A beginner’s guide to NBA Top Shot NFTs
A beginner’s guide to NBA Top Shot NFTs
The crypto market tries to buck negative
The crypto market tries to buck negative

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 91.6% 12 $27 080.57 0.50% 1.41% $525 120 984 052 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 94% 5 $1 893.90 1.22% 3.85% $227 727 252 078 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.2% 1 $1.000298 0.02% 0% $83 274 522 418 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 91.6% 2 $306.98 0.53% 0.34% $47 844 502 244 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000012 0% 0% $28 940 996 302 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 80.4% 40 $0.518733 2.48% 12.36% $26 965 484 878 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 94% 7 $0.375804 2.71% 4.65% $13 110 576 749 ADA 7 days price change
8 Lido stETH (STETH) STETH Lido stETH predictions 90.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 85.6% 14 $0.072136 0.28% 2.18% $10 070 286 642 DOGE 7 days price change
10 Solana (SOL) SOL Solana predictions 82% 27 $21.12 2.00% 9.24% $8 375 768 500 SOL 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 81.6% 31 $0.897462 0.39% -0.66% $8 327 966 768 MATIC 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 80.8% 34 $0.076148 1.38% -0.10% $7 742 460 822 WTRX 7 days price change
13 TRON (TRX) TRX TRON predictions 78.4% 33 $0.076534 1.77% 0.53% $6 903 793 375 TRX 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 81.6% 38 $94.27 -0.39% 8.09% $6 887 309 688 LTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 90% 8 $5.23 -0.18% 0.15% $6 226 557 990 DOT 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2023 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.