The eyepopping growth of the NVIDIA (NVDA) is causing investors to see dollar signs. The once-in-a-generation unicorn is about to undergo a 10-to-1 stock split, giving everyday investors a more realistic opportunity to stake a meaningful position. However, investing in the next NVIDIA before it rockets to the stratosphere is where the exponential growth is found.
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For the time being much of the AI-related growth is with hyperscalers such as Microsoft (MSFT), Alphabet (GOOGL), and Amazon (AMZN), which are responsible for about half of the chipmaker’s total revenue. However, NVIDIA’s CEO Jensen Huang confirmed that AI is not an area reserved for large-cap cloud providers only. According to Huang, “Generative AI has expanded to consumer internet companies, and enterprise, sovereign AI, automotive and healthcare customers, creating multiple multibillion-dollar vertical markets.”
This means that the AI capital expenditure cycle is just starting, signifying “the beginning of a new industrial revolution,” as per Huang. In other words, there will be other opportunities to hop on the AI bandwagon, including by investing in companies that are not on anyone’s radar just yet.
The question is: how can you find these options?
Searching for Quality
The secret, of course, is to look for quality. TipRanks has a variety of tools to help you spot these gems.
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These are some of the many different tools that TipRanks offers investors looking to discover their next quality investment. By making institutional-grade research tools and data available for all, we level the playing field for retail investors around the world.
For more exclusive market insights and content from TipRanks Macro & Markets research analyst Yulia Vaiman, click here.
