CNBC's Jim Cramer on Tuesday said he still believes investors should own Nvidia, not trade it, but be aware that the company's rally may not continue. Cramer reviewed a few bullish takes on Nvidia, including a case for the stock from Melius analyst Ben Reitzes and an ultra-bullish view from Dan Fitzpatrick.
Major U.S. equities indexes were mixed to open the shortened trading week following the Memorial Day holiday.
Ever since Nvidia (Nasdaq: NVDA) announced its 10:1 stock split, the Nasdaq has been on a tear, most recently attaining record status above the 17,000 level.
Nvidia Corporation stock is extremely overvalued if we use traditional valuation models that are built to assume identifiable trends and predictable forecasts. The nature of Nvidia's business, as a leader in AI, makes it difficult to predict future performance and value the stock accurately. Instead of relying on traditional valuation approaches, investors should consider the "Keynesian Beauty Contest" approach.
NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) is set to close out trading on Tuesday at a new all-time high following its blockbuster earnings report last week. The AI darling's share price breached the $1,100 mark just before the markets closed on Tuesday, exchanging hands at around $1,141.
UPDATE—May 28, 2024: This article has been updated to reflect more recent share price information.
Semiconductor stalwart Nvidia (NASDAQ: NVDA ) shows no signs of slowing down, with NVDA stock posting a record high. Reaching a price of over $1,140 in the afternoon session, the security found itself up over 7% against Friday's close.
Nvidia (NVDA) shares reached a record high during intraday trading Tuesday after reports that Elon Musk told xAI investors that the artificial intelligence (AI) company would build a supercomputer.
Elon Musk hasn't done much for his own company lately, but he's about to send another tech stock soaring. Like most of the business world, the Tesla (NASDAQ: TSLA ) CEO has been focused on artificial intelligence (AI) lately.
Elon Musk's artificial intelligence start-up looks to be yet another huge customer for Nvidia. xAI wasn't even on the list as a Nvidia GPU customer last year.
Generative AI chatbot Grok raised billions of dollars in its most recent funding round. This shows that demand for AI continues to accelerate.
Nvidia stock jumped on news that Elon Musk's xAI venture is buying Nvidia AI chips for a powerful new supercomputer.