Nvidia Stock Undervalued as $9 Trillion AI Spend Looms, Says SoftBank's Masayoshi Son

According to Masayoshi Son, the founder of SoftBank, Nvidia’s stock is undervalued given the potential $9 trillion opportunity in artificial intelligence (AI) spending over the next decade. Son believes that Nvidia’s graphics processing units (GPUs) will play a crucial role in powering AI systems, making the company a key beneficiary of the AI boom. He predicts that AI will drive a technological revolution, transforming various industries and creating new business opportunities. Son’s comments come as Nvidia’s stock has surged over 90% this year, driven by the growing demand for its chips in AI applications. However, he argues that the market is still underestimating Nvidia’s long-term potential in the AI space. The $9 trillion figure cited by Son highlights the massive investment expected in AI technologies across sectors like healthcare, transportation, and manufacturing.

Source: https://markets.businessinsider.com/news/stocks/nvidia-stock-undervalued-9-trillion-ai-spend-masayoshi-son-softbank-2024-10