Nvidia stock has nearly tripled in value since the beginning of June 2023. The graphics specialist has seen a rapid upgrade in its revenue estimates thanks to its dominant position in the AI chip market.
Nvidia has skyrocketed thanks to its soaring artificial intelligence (AI) product revenue. The company is set to launch a major new product later this year.
Uranium and nuclear energy stocks have been on a tear since mid-2023. I've been bullish on the sector since March 2023 and have written a few articles on InvestorPlace about the bullish tailwinds that favor uranium.
Warning. Nvidia's (NASDAQ: NVDA ) recent swings, a rolling over of small-cap stocks, and historical market patterns heading into a presidential election have me concerned that volatility is on the verge of increasing. Add to that the potential for a currency crisis with the yen, and the stage is set for turbulence ahead.
It's a great year to be an Nvidia (NASDAQ: NVDA ) employee, as shares of the semiconductor giant are up by over 150% in 2024. Insiders of the company have responded by selling out of $852 million worth of NVDA stock.
Nvidia (NASDAQ: NVDA ) stock isn't doing so hot on Thursday alongside shares of Micron Technology (NASDAQ: MU ) slipping after its latest earnings report. MU stock is sliding lower on Thursday after its latest earnings report failed to impress investors.
Nvidia's ascent to one of the world's most valuable companies comes on the heels of strong AI demand, Hans Mosesmann of Rosenblatt Securities thinks Nvidia could reach $200 per share, implying a market cap of $5 trillion. Despite its price tag, valuation multiples suggest Nvidia stock is a good buy right now.
Wells Fargo announced on June 27 that it has made adjustments to its Signature Picks equity portfolio, reducing its overweight position in Nvidia (NASDAQ: NVDA) from 6.8% to 5%. The bank cited “risk purposes” as the reason for this position cut.
At yesterday's Nvidia (NASDAQ: NVDA ) shareholder meeting, the company's executives were frequently asked how the firm would maintain its position against rising competition. CEO Jensen Huang replied that the chipmaker is concentrating on data centers and seeking to find new markets for its artificial intelligence (AI) chips.
The Blackwell chip will be one of Nvidia's most significant products, but there is more.
The surge in artificial intelligence (AI) stocks over the past two years is not just a temporary trend but the beginning of a revolution affecting nearly every industry.
Nvidia executed a 10-for-1 stock split in early June. Around the same time as Nvidia's split, space exploration company Virgin Galactic did a 1-for-20 reverse split.