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NVIDIA is 'undervalued' amid artificial super intelligence race: Softbank's Son

Published 29-10-2024, 06:20 pm
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Investing.com -- Softbank (OTC:SFTBY) CEO Masayoshi Son said Tuesday that he is focused squarely on realizing artificial super intelligence and sees hundreds of billions of dollars of investment being required to reach the goal.  As such, Son said that he believes NVIDIA's (NASDAQ:NVDA) stock is “undervalued.”

Son said artificial super intelligence, which would be 10,000 times smarter than a human brain, is coming in 2035.  He believes hundreds of billions of dollars needs to be invested to achieve artificial super intelligence.

The Softbank CEO said he is now saving tens of billions of dollars so he can make the next big move in artificial superintelligence.

Despite NVIDIA stock being up 184% year-to-date, Son sees the stock as undervalued given the spending required to achieve artificial super intelligence, which Softbank will be a part of.

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