Reported 2 days ago
The AI sector is projected to grow significantly, and Nvidia (NASDAQ: NVDA) has emerged as a dominant player, exhibiting 190% share price growth in 2024 due to its strong position in GPU technology, which accounts for 80% of the accelerated computing market. The company's record sales and profitability, with Q3 revenue reaching $35.1 billion and net income up 109% year-over-year, highlight its financial strength. With innovations like the ultra-powerful Blackwell GPU and a robust ecosystem integrating hardware and software, Nvidia is set to thrive as demand for AI solutions expands, making it a smart investment despite its soaring stock price.
Source: YAHOO