Nvidia is called 'the most important company to human civilization in the next 5-10 years,' and analysts praise it

Nvidia’s stock price has soared due to artificial intelligence orders and the cryptocurrency boom in recent years, and has been favored by Wall Street. According to previous reports, as of the end of July, NVIDIA's second fiscal quarter revenue reached a record high of US$13.51 billion (approximately 98.353 billion yuan), an increase of 88% from the previous quarter and an increase of 101% from the same period last year. Nvidia expects revenue in the third fiscal quarter to reach approximately US$16 billion (approximately 116.48 billion yuan), a year-on-year increase of approximately 170%

Angelo Zino, a stock analyst at independent investment research company CFRA, recently stated in Yahoo Finance The live broadcast claimed that in the next 5 to 10 years, Nvidia will be "the most important company to human civilization" because "every company will directly or indirectly rely on this chip manufacturer" .

▲ Picture source Yahoo Finance

Angelo Zino claimed that according to estimates from the International Data Corporation (IDC), in 2022 Between 2020 and 2026, global spending on artificial intelligence will grow at an average annual rate of 27%. He believes that "since the advent of the Internet in 1995, we have never seen such an expansion of artificial intelligence, and its impact has just begun to spread to consumers and enterprises."

But in the end, NVIDIA is just a business Company, The "praising" behavior of such stock analysts is undoubtedly just an act to further increase Nvidia's market valuation, and is more out of commercial nature and its own intentions.

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