1. Nvidia have become the top choice for AI applications. The biggest tech companies including Amazon, Microsoft and Google are all using Nvidia chips for their AI. The AI industry is very young and if it really takes off Nvidia will be at the forefront
2. With AI, comes autonomous driving. Nvidia are only a few years off making autonomous driving a reality as their DRIVE Pegasus and Constellation platforms continue to lead the industry.
3. From a technical analysis point of view, Nvidia stock price seems to have finished its correction from August 2018, building a strong support at $180 per stock – gearing up for a 60% move this year to approximately $300 per stock.