Nvidia Shares ‘Are Going Higher’ In AI Growth Frenzy If Next 5 Years Stay The Course, Says Gene Munster: $180B Revenue By 2028



Gene Munster, a managing partner and co-founder at Deepwater Asset Management, underscored the long-term growth potential of Nvidia Corp. (NASDAQ:NVDA), something that he was on the lookout for in the chip giant’s fourth-quarter earnings call.

What Happened: In a post on X, formerly Twitter, on Wednesday, Munster shared his key takeaways from Nvidia’s earnings call, focusing on the company’s projected growth rates. He noted that Nvidia’s CEO Jensen Huang provided valuable context on the topic.

My biggest thing I was looking for going into the $NVDA call was commentary about long-term growth rates. Jensen gave context on the topic when he wrapped up the earrings call.

After his standard comment that the world is moving to AI powered by GPU’s, every company will be an…

— Gene Munster (@munster_gene) February 21, 2024

According to Huang, the global shift towards AI, powered largely by GPUs, will necessitate a $1 Trillion infrastructure build over the next five years, doubling the current pace. This translates to a market opportunity …

Full story available on Benzinga.com


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