This Undervalued Stock Could Join Nvidia in the $3 Trillion Club

Since the start of 2023, a tech rally has boosted countless tech stocks. Advances in high-growth sectors like artificial intelligence (AI) have highlighted the massive potential of companies active in related fields like chip design and cloud computing. Nvidia (NASDAQ: NVDA) has been one of the biggest recipients of the bull run, with its shares up 785% since January 2023. The company profited from increased demand for AI chips and its ability to supply its hardware to most of the market. At the start of last year, Nvidia's market cap was $360 billion. Yet, recent growth has seen it become the first chipmaker valued at more than $3 trillion, joining the ranks of companies like Apple and Microsoft.Nvidia's meteoric rise raises the question: what company could be next to hit such a milestone?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool