U.S. chipmaker Nvidia has been getting a lot of love from market watchers this year – and growth investor Nick Griffin is no exception.
NVDA YTD mountain Year-to-date share price of Nvidia Griffin does not expect this phenomenon to have a significant impact on the company in the long-term.
So, short-term, I understand the negativity – but long-term, it's not going to change the fact that people want to buy their chips," Griffin said.
Going forward he foresees an increase in the demand for GPUs - which would possibly chip away Nvidia's market share to around 60%.
While this may mean a loss of market share to its fellow chipmakers, the growth investor believes that Nvidia is in "a very unique position."
Persons:
Nick Griffin, Munro, Griffin, Nvidia Griffin, it's, Griffin –, Cuda, –
Organizations:
Nvidia, Munro Partners, CNBC's, U.S, U.S ., Munro Growth
Locations:
Australia, China