NVIDIA Corp, the graphics processing units and computer chips maker based in Santa Clara, California, is one of the most direct ways to invest in the artificial intelligence boom or the fourth industrial revolution.
NVIDIA, basically produces the hardware on which artificial intelligence algorithms run. At 555.33 billion market capitalisation NVIDIA is already a very valuable technology company, directly after Apple, Microsoft, Amazon, Alphabet and Facebook in terms of market capitalisation. At 79.37 its Price/Earnings ratio also does not look too excessive for a fast growing technology company.
NVIDIA's future lies in developing ever faster and more efficient graphics processing units which are to be used in artificial intelligence/ machine learning computations in various industries. Extremely high growth areas for NVDIA seem to be cryptocurrency mining, self-driving cars automation, automation for various industrial processes.
Considering the very vast first mover technological advantage, edge NVIDIA has over its direct competitors, I would not be surprised if NVIDIA is worth around 2 trillion USD in 10 years, if the company's management continues to execute its strategy correctly.
Artificial intelligence is the fourth industrial revolution. I personally think artificial intelligence will bring more benefits to humanity than all previous industrial revolutions. The process simply has to be helped/guided carefully.
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