Reported 9 months ago
Nvidia's stock has surged 150% in 2024, driven by the demand for AI hardware after the launch of ChatGPT. Past performance data shows that Nvidia tends to perform better in the second half of the year, with a median return of 36%. While analysts are optimistic about Nvidia's growth potential in AI, current valuation may pose some concerns. Despite historical trends, predicting future performance solely based on past share-price appreciation may not be entirely accurate. While the stock may see continued growth, investors should also consider other variables like current financial results and market sentiment.
Source: YAHOO