Nvidia Nears $1 Trillion Market Capitalization—Closing In On These Other Companies
ForbesJUL 2023
The Spin
Narrative A
The current euphoria surrounding Nvidia won’t last forever. While riding high on the AI hype and beating market expectations, Nvidia’s revenue still decreased from 2022’s Q1. Furthermore, Nvidia’s gaming division also saw disappointing results. With these factors being considered, the now highly anticipated Q2 results this year may not be as rosy as many have forecast.
Narrative B
Nvidia’s soaring stock price isn't a bubble that’s going to burst. Its CEO has a track record of executing his vision strongly, and the company is leading the chip market and continuing to pour money into its expanding AI services. While, like many seismic stock increases, we may see a slight dip in the near future, Nvidia is on course to continue its success.
Metaculus Prediction
There is an 85% chance that Metaculus will continue to advise that AI poses a global catastrophic risk by 2040, according to the Metaculus prediction community.
