Nvidia Corporation NVDA could generate up to $300 billion in artificial intelligence (A.I.) revenues by 2027, a tenfold increase from the expected earnings this year, Business Insider reports.
AI Revenue Projections: Analyst Vijay Rakesh of Mizuho predicts that Nvidia’s A.I. revenues could skyrocket in the coming years, driven by the company’s strong position in the A.I. market.
“With demand for generative AI accelerating, we see significant opportunities for hardware suppliers powering the higher compute needs for large-language models, particularly AI powerhouse NVDA,” Rakesh mentioned.
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Market Dominance: Rakesh’s support for Nvidia comes after the company’s strong first-quarter results, announced in May, thanks to the growth in artificial intelligence. Nvidia made $7.2 billion in the first quarter, which was more than what experts predicted. But, the company didn’t share how much money it made from its AI businesses.
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Image via Nvidia Corp on Flickr
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