NVIDIA has a market cap of roughly $550 billion compared to Apple’s nearly $2.5 trillion. We believe NVIDIA can surpass Apple by capitalizing on the artificial intelligence economy, which will add an estimated $15 trillion to GDP. This is compared to the mobile economy that brought us the majority of the gains in Apple, Google, and Facebook, and contributed $4.4 trillion to GDP. For comparison purposes, AI contributes $2 trillion to GDP as of 2018.
While mobile was primarily consumer and some enterprises with bring-your-own-device, artificial intelligence will touch every aspect of both industry and commerce, including consumer, enterprise, and small-to-medium sized businesses, and will do so by disrupting every vertical similar to the cloud. To be more specific, AI will be similar to the cloud by blazing a path that is defined by lowering costs and increasing productivity.
