Justin Sullivan/Getty Images News Nvidia Corporation ( NASDAQ: NVDA ) stock has multiplied by 4x since spring 2023, when this incredible AI-driven rally really began. The rally has also attracted many skeptics, doubting the stock’s ability to continue rallying from here. The truth is that Nvidia is much more than a semiconductor company selling popular AI chips, rather it has built an extensive AI platform.
Once investors understand the extent to which Nvidia has gone to optimally capitalize on this AI revolution, the greater upside potential becomes more visible. In our previous article , we discussed how Nvidia will capitalize on both the training and inferencing phases of this AI revolution, and cited that Nvidia should be worth at least $190 (post-split), implying at least 50% upside from here. The market seems to be too fixated on the future growth potential of AI chips sales.
However, Nvidia’s growth story extends well beyond hardware sales, as there is a massive opportunity in the new AI software industry for Nvidia to capitalize on, which we will cover in this article. Nvidia stock remains a "buy." Nvidia’s massive opportunity in the software industry Now, to appreciate the greater upside potential from here, it is crucial to holistically understand how Nvidia has cleverly strategized and planned out the company’s positioning in the AI revolution that they anticipated before most of the world did.
To fully understand how Nvidia will capitalize on this new era,.