META - Prediction: These 2 AI Stocks Will Be Worth More Than Nvidia by 2030
2024-05-01 07:30:00 ET
Nvidia (NASDAQ: NVDA) is the now third-largest company in the world, valued at around $2 trillion. Hot on its heels is Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) , while Meta Platforms (NASDAQ: META) is about $750 billion smaller.
Although Nvidia is larger right now, I think by 2030, Alphabet and Meta will have taken significant leads over it -- for a fairly simple reason.
Nvidia's rise has been nothing short of remarkable, although many may consider it unsustainable. Nvidia sells graphics processing units (GPUs) capable of handling intense computational workloads. This makes them a great choice for tasks like artificial intelligence (AI) model training or data collection. However, GPUs aren't necessarily the best hardware for processing AI models.
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Prediction: These 2 AI Stocks Will Be Worth More Than Nvidia by 2030