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What’s next for Nvidia (NASDAQ: NVDA)?
CEO Jensen Huang revealed the next trillion-dollar market at the Consumer Electronics Show (CES).
Nvidia’s CEO believes Artificial Intelligence for Automotive and Robotics will be huge.
“The ChatGPT moment for general robotics is just around the corner.”
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Huang believes autonomous driving and humanoid robots will transform everything. And Nvidia plans to provide the AI chips and software to power the transformation.
The company revealed new tools that will help technology companies quickly produce humanoid robots.
Meanwhile, Toyota plans to build autonomous vehicles using Nvidia software and hardware known as Drive AGX.
Nvidia expects its automotive business to hit $6 billion within 2-years.
And Huang says autonomous vehicles will be the first multi-trillion-dollar robotics industry.
Here’s why this is important…
Nvidia critics believe the company ONLY benefits from AI datacenters.
Yet they fail to realize…
That Nvidia is building a platform of hardware and software to power the Artificial Intelligence revolution.
The same thing happened to Apple (NASDAQ: AAPL) with the iPhone…
Critics argued that the company was just a smart phone hardware company.
It took years for them to realize that Apple was building an ecosystem of hardware (iMac, iPhone, iPad, iWatch) and software (iCloud, iTunes, Apple TV).
The same thing is happening with Nvidia.
My advice is simple.
Buy the dips on Nvidia. This AI growth story is just getting started.
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Full Disclosure: Ian Wyatt owns shares of Nvidia.