One of the most successful tech investors said chipmaker Nvidia could be worth almost $50tn in a decade — more than the combined current market value of the entire S&P 500.
James Anderson, best known for his early bets on the likes of Tesla and Amazon, said: “The potential scale of Nvidia in the most optimistic outcome is both way higher than I’ve ever seen before and could lead to a market cap of double-digit trillions. This isn’t a prediction but a possibility if artificial intelligence works for customers and Nvidia’s lead is intact.”
Nvidia has been the chief beneficiary of a boom in demand for chips that can train and run powerful generative AI models such as OpenAI’s ChatGPT.
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