Another Multi-Billion Dollar Opportunity for NVIDIA

NVIDIA (NVDA) is aggressively focusing on the deep learning market, as it is projected to grow over $100 billion in yearly revenue by 2024. The company stated that deep learning plays a very significant role in changing computing.At present stage, NVIDIA’s GPUs are used by many companies to create their own machine learning computers. For instance, social media giant, Facebook (FB), uses the company’s Tesla M40 GPUs for its Big Sur machine learning computers. This is a huge growth opportunity for NVIDIA and given its track record of being successful in several markets, I think the company will benefit from it.Moreover, the company has already begun marketing some of its GPUs, such as Tesla P100, mainly to the enterprise market for corporate data centres. As a matter of fact, this…

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