Jensen Huang Doubled Nvidia's Own Sales Forecast to $1 Trillion Through 2027. Here's What That Guidance Means for the Stock's Valuation.
Jensen Huang has a unique ability to drive investment in his industry.
Overview
Nvidia (NASDAQ: NVDA) has been gaining momentum recently. Shares have surged more than 12% since the start of August. The move has brought Nvidia's market cap back to $5.5 trillion, just 4% below its all-time high.
Investors are piling back into Nvidia stock as they begin to believe what CEO Jensen Huang has been saying. Some may have thought his predictions about artificial intelligence (AI) infrastructure spending were exaggerated, but now Huang is steering it toward reality.
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Originally published at www.fool.com.
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