Stocks Analysis by Investing.com (Damian Nowiszewski) covering: NVIDIA Corporation. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Nvidia stock's correction seems to be coming to an end ahead of earnings later this month.The coming revenue and profit growth could be fueled by the projected growth of the entire AI-powered GPU industry.
This optimism stems from factors like projected $110 billion in revenue by 2025 and anticipated 8% annual profit growth between 2025 and 2027. Further fueling the bullish sentiment is the projected growth of the entire AI-powered GPU industry to a staggering $800 billion by 2032.
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