Reported 5 months ago
The article discusses the recent success of Nvidia stock, which has seen significant growth over the past few years, with shares increasing by 112% so far in the current year. Nvidia's success is attributed to its adaptation of high-end chips for data centers, cloud computing, and artificial intelligence, driving its recent rally. Despite the stock hitting an all-time high, there is still potential for growth due to Nvidia's strong financial performance, ongoing market opportunities in generative AI and data centers, and a favorable outlook with record revenue projections and a stock split announcement. Although the current valuation may seem steep at 89 times earnings, Nvidia's track record, industry dominance, and future potential suggest that it is still a worthwhile investment.
Source: YAHOO