A prominent tech investor predicted thatNVIDIA Corp.(NASDAQ:NVDA) could achieve a market capitalization of nearly $50 trillion within the next decade.
What Happened:James Anderson, an early investor in companies likeTesla Inc(NASDAQ:TSLA) andAmazon.com Inc(NASDAQ:AMZN), expressed his bullish outlook on Nvidia's future potential, reported the Financial Times on Sunday. He suggested that the chipmaker's market cap could potentially surpass the combined value of the current S&P 500.
Anderson's optimism stems from Nvidia's role in the burgeoning demand for AI chips, which are crucial for training and running advanced generative...
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