Reported 14 days ago
Nvidia's stock has surged 200% in 2024, reaching new all-time highs, fueled by the strong adoption of artificial intelligence (AI) technologies. Despite investors' concerns over potential AI adoption slowdowns and Nvidia's high valuation, Wall Street analysts overwhelmingly support the stock, with 92% maintaining a buy rating. Analysts argue that Nvidia's prowess in the GPU market and continued innovation solidify its leading position, making it a strong investment opportunity even after significant price gains.
Source: YAHOO