Deepwater Asset Management: Nvidia is undervalued, AI infrastructure demand is on the rise
2026-10-23 01:50:42
According to CoinMeta, as reported by Benzinga, Gene Munster from Deepwater Asset Management indicates that Nvidia ($NVDA) is still undervalued by investors, and highlights the long-term growth opportunities presented in GTC Berlin. Munster points out that the speech at CEO Jensen Huang reinforced Nvidia's transformation from a GPU supplier to a “AI factory” company, forming a complete technology stack with hardware, software, and libraries. He mentioned Nvidia's new DSX Pod, which is expected to reduce data center deployment time from five months to one month, thereby increasing the return for customers building AI infrastructure. Munster also focuses on AI agents as a major driver of future computing demands, believing that Meta's Muse and SpaceX's Grok Bot will significantly increase token consumption, with AI agents consuming 10 to 15 times more tokens than traditional chatbots. Nvidia is expected to report quarterly earnings in November, with analysts predicting earnings per share of $2.48 and revenue of $109.17 billion, nearly double last year's $57.01 billion.
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Source:Benzinga
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