1 Jaw-Dropping Projection That Makes Nvidia a No-Brainer Stock to Buy Right Now

Nvidia (NASDAQ: NVDA) is no stranger to dropping bombshells on investors. Most of the time, those surprises are positive, and its latest announcement falls into that category. Although it expects data center capital expenditures to reach $600 billion by the end of this year among the big four hyperscalers, that number is expected to rise to $3 trillion to $4 trillion worldwide by 2030. That's a huge expansion in just five years, and underscores the fact that we're still in the early innings of the AI arms race. While this may sound like a far-fetched prediction, Nvidia is in close contact with its biggest clients and is likely collaborating with them to prepare to meet their expected demand years down the road. This gives Nidia unparalleled insight into what's coming in the AI chip space.As a result, I believe investors should take the company's projection seriously and consider the potential consequences if it pans out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool