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Nvidia stock is incredibly undervalued.
That’s according to a top Scottish investment manager who has been invested in NVDA since 2016.
James Anderson is a former partner at Ballie Gifford – Scotland’s #2 asset manager. And he tells the Financial Times…
“The potential scale of Nvidia in the most optimistic outcome is higher than I’ve ever seen before and could lead to a market cap of double-digit trillions.”
Nvidia’s datacenter business is growing by 60% annually. And if that continues over the next 10-years…
Nvidia’s market value could soar from $3.1 trillion to $49 trillion.
Yet the analyst says there’s only a 10% – 15% chance that this happens. Even so…
It’s a shocking prediction…
Because the entire market value of the S&P 500 is $46 billion.
Nobody in America knows Ballie Gifford…
Yet the firm was a major early investor in Amazon (NASDAQ: AMZN). And the firm was the #2 largest shareholder in Tesla (NASDAQ: TSLA).
Nvidia currently has an 80% market share for AI chips.
The company’s business is expected to double this year. And grow another +33% next year.
What’s the reason for the rapid growth?
It’s due to the incredible investment in AI datacenters by “hyperscalers” including Amazon, Meta Platforms, Google, Microsoft and Oracle.
Growth in AI is creating massive demand for energy. And the big tech stocks are scrambling to secure power for these new AI factories.
Silicon Valley insiders see the coming crisis.
Without cheap and abundant energy – the AI revolution will die.
Ian