Silicon Valley chipmaking darling Nvidia Corp has reached a new all-time high on the Nasdaq, signalling that the artificial intelligence-led boom – to put it lightly – in its share price still has some gas in the tank. Nvidia, which designs high-spec graphic processing units (GPUs) that most AI models use to train on, is now worth close to $3.5 trillion.
Nvidia (NVDA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
While Nvidia (NASDAQ: NVDA) is one of the best-performing stocks of 2024 at the time of publication, an increasing number of analysts and investors are worried that the stock's two-year rally may soon come to an end. On September 4, the company saw a record $279 billion loss in market cap.
Thanks to its pivotal role in the artificial intelligence (AI) boom, a focus on reinvesting in innovation, and general investor hype, Nvidia (NASDAQ: NVDA) has been one of the top performers in the stock market in the last two years.
Thanks to its pivotal role in the artificial intelligence (AI) boom, a focus on reinvesting in innovation, and general investor hype, Nvidia (NASDAQ: NVDA) has been one of the top performers in the stock market in the last two years.
How a contrarian bet vs. a sure thing can make you more money.
Microsoft, Amazon.com, Google-parent Alphabet and Meta Platform represented more than 40% of the company's revenue in the second quarter.
Both companies are enjoying explosive business growth from the rise of AI.
The Middle East has been a booming AI data center market.
Nvidia stock has made massive gains, but will that undermine growth for the next few years?
Nvidia's gaming business delivered healthy growth last quarter, and it could keep getting better in the long run thanks to AI.
This high-flying AI stock's momentum could continue into next year.