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Jensen Huang's Bullish Call on the AI Market Can Make Nvidia a $5 Trillion Company Again
['Neil Patel', 'Https', 'Www.Facebook.Com Themotleyfool']
The Motley Fool
But it wasn't long ago that Nvidia's market capitalization was firmly above $5 trillion, something that could happen again very soon.
Investors worried about the shares' latest fall will take solace in CEO Jensen Huang's bullish call from several weeks ago on the prospects of the AI market.
And chief financial officer Colette Kress believes that spending on AI infrastructure will total $3 trillion to $4 trillion by the end of the decade.
Nvidia sits at the center of the AI boomOf course, Nvidia's CEO has every reason to downplay any of the market's concerns regarding the mind-boggling AI build-out.
Expand NASDAQ : NVDA Nvidia Today's Change ( -2.86 %) $ -6.41 Current Price $ 217.55 Key Data Points Market Cap $5.3T Market cap calculated using publicly traded shares outstanding only.