Jensen Huang Maintained His Prediction That AI Infrastructure Spending Will Hit $3 Trillion to $4 Trillion by 2030 -- the Same Forecast He Made a Year Ago to the Day. Is Nvidia Still a Buy at These Levels?
Nvidia remains at the epicenter of the AI infrastructure build-out.
Overview
Jensen Huang is the CEO of Nvidia (NASDAQ: NVDA), and he frequently speaks about advances in artificial intelligence (AI). He has a knack for simplifying complex ideas, and he doesn't shy away from making bold predictions.
Last year, he projected that global AI infrastructure spending would reach $3 trillion to $4 trillion in 2030. He doubled down on that projection at the Goldman Sachs Communacopia + Technology Conference last week, saying, "I just think we should just take a pause and acknowledge that I was right."
Details
As AI development continues at a rapid pace, Nvidia is poised to benefit, but is there room for the stock to move higher?
Source
Originally published at www.fool.com.
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