Reported 3 months ago
Nvidia's stock jumped 12.8% following positive quarterly reports from competitors AMD and Microsoft, indicating strong demand for its GPUs used in data centers and AI applications. Despite trading at a growth-dependent valuation of about 43 times this year's expected earnings, analysts remain optimistic about Nvidia's potential as it prepares to release its next-generation Blackwell chip platform. However, potential investors should consider alternative high-return stocks recommended by analysts.
Source: YAHOO