Nvidia's Stock Is Down 27%, and an Eventual 75% Retracement May Be in the Cards

For the better part of the last three decades, investors have had a next-big-thing technology, innovation, or trend to captivate their attention.Since the internet completely changed the growth trajectory for businesses in the mid-1990s, we've witnessed massive addressable markets be assigned to genome decoding, business-to-business commerce, China stocks, U.S. housing, nanotechnology, 3D printing, cryptocurrency, blockchain technology, cannabis, augmented/virtual reality, and the metaverse. However, it's artificial intelligence (AI) that might be the cream of the crop among next-big-thing trends.According to Sizing the Prize, which is an in-depth report released by the analysts at PwC, AI has the potential to add $15.7 trillion to the global economy by the end of the decade. These gains are expected to come in the form of increased productivity and various consumption-side benefits.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool