NTDOY - Forget AI Nvidia's Next Big Catalyst Might Be Nintendo's Switch
2024-01-14 09:05:00 ET
Nvidia 's (NASDAQ: NVDA) stock quadrupled over the past three years as the rapid expansion of the artificial intelligence ( AI ) market lit a fire under its data center business. Its high-end GPUs are used to process complex AI tasks, and most of the world's leading AI companies -- including ChatGPT's creator OpenAI -- currently use its chips.
But as the AI hype winds down, many investors are likely wondering if Nvidia can maintain its momentum . The AI market should continue to expand, but investors shouldn't ignore another potential catalyst for Nvidia's stock in 2024: Nintendo 's (OTC: NTDOY) rumored launch of its next Switch console.
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Forget AI, Nvidia's Next Big Catalyst Might Be Nintendo's Switch