Famed tech investor Cathie Wood was sanguine about her Nvidia Corp investment strategy in a Bloomberg interview on Thursday. Her Ark Invest asset-management firm famously exited most of its position in the microchip giant before the company's unprecedented artificial intelligence-fuelled rally of the past couple of years.
Yesterday, Nvidia (NASDAQ: NVDA ) achieved yet another milestone. The semiconductor and artificial intelligence (AI) leader surpassed one of the tech sector's biggest names on the market capitalization list, blowing past Apple (NASDAQ: AAPL ) this week.
The headline alone tells you this isn't an article about Nvidia (NASDAQ: NVDA ). I won't discourage you from buying and owning NVDA stock, it's got plenty of run left in it.
NVIDIA (NVDA) surpasses Apple (AAPL) in terms of market cap and becomes the second-most valuable company in the United States. Its incredible surge is expected to continue.
That's ARK Invest's chief executive and CIO, Cathie Wood, saying that Nvidia needs help from other artificial-intelligence companies for the AI boom to continue.
NVIDIA (NVDA) has been on a remarkable run, with its market capitalization reaching more than $3 trillion on the massive growth prospects of generative AI.
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Five major gainers of the AI-based semiconductor space are: NVDA, AMD, MU, QCOM, TSM.
With strong demand and innovative products, Nvidia continues to be a compelling investment in the tech sector, despite some warnings of a potential bubble.
Nvidia's data center revenue is expected to keep growing rapidly due to its terrific share of the AI chip market. Analysts are forecasting Nvidia's revenue to triple in the next three years, but it won't be surprising to see it exceed expectations.
Nvidia Corp. knocked off Apple Inc., and now there's only one company standing in its path as it looks to become the largest by market capitalization.
NVIDIA Corporation (NASDAQ:NVDA ) BofA Securities 2024 Global Technology Conference June 5, 2024 3:30 PM ET Company Participants Ian Buck - VP Conference Call Participants Vivek Arya - Bank of America Securities Vivek Arya Hope everyone enjoyed their lunch. Welcome back to this session.