NVIDIA Update
In 2021 I took over as moderator of the NVIDIA board and wrote the following Introduction Header (excerpt - read rest of Header for overview of NVIDIA and AI & Robotics);
Update November 18, 2021
Congratulations for finding your way here. NVIDIA is a major player in AI & Robotics chips and software and will continue its exponential growth for many years in the future. Its future growth will be driven by Data Center AI chips and software and AI chips and software for the Onmiverse, Digital Twins and Digital Avatars. It's share price is up 140% year-to-date, operating in AI & Robotics chip and software markets projected to grow at a 38% CAGR over the next five years, growing five-fold over this time. From 2011 to 2020, its share price grew 22-fold, a CAGR of 36%, as NVIDIA transformed itself from a gaming graphics chip company to an AI company, following the vision of its CEO Jensen Huang, who realized fhe applicability of its GPU chips (which NVIDIA invented) to deep neural networks AI computing due to its ability to do parallel processing.
Despite it's exponential growth over the past decade and seemingly rich valuation, I predict that it will continue to grow at a 38% CAGR over the next five years, growing five-fold. I feel like we've found that pot of gold at the end of the rainbow.
in the 2.2 years since I first invested in NVIDIA, it is up 80%, a CAGR of 31%. Me thinks long-term growth rate is intact and AI & Robotics chips and software will soar over next decade, growing many-fold! |
