MC size aside, $NVDA looks like a future multibagger hiding in plain sight - just like $AAPL in the early 2010s, even after iPhone dominance was a done deal.
IMHO, $NVDA is a multibagger hiding in plain sight, just like $AAPL was in the early 2010’s after iPhone dominance was already firmly established.
Nvidia's $NVDA Data Center segment became a $100 Billion business in 2024 up from less than $10B in 2020 https://t.co/sqheKsPKey
Nvidia's growth has been significantly driven by Big Tech companies' investment in its artificial intelligence (AI) chips. Among the so-called Magnificent Seven group of technology stocks, Microsoft is Nvidia's largest revenue source, followed by Meta, Amazon, and Google. Nvidia's Data Center segment expanded dramatically, reaching $100 billion in revenue in 2024, up from less than $10 billion in 2020. Bank of America estimates that Saudi Arabia's AI commitments could generate between $3 billion and $5 billion annually, totaling $15 billion to $20 billion over several years for Nvidia and AMD. Nvidia is scheduled to report earnings on Wednesday after market close, with analysts expecting revenue of $43.38 billion and net income of $21.29 billion, or 87 cents per share. Despite concerns about restrictions in China, most analysts anticipate minimal impact on Nvidia's overall growth. Some market observers compare Nvidia's current potential to that of Apple in the early 2010s, suggesting it could be a multibagger stock in the future.