1 Hyper-Growth Stock to Buy and Hold Forever
From Nasdaq:
Nvidia Corporation (NVDA) is dominating the semiconductor industry during the rise of the artificial intelligence (AI) era, resulting in soaring profits. The stock surged 238% last year, and analysts anticipate even stronger financial results for the coming quarter. Nvidia’s strong position in the market and strategic partnerships will likely continue to drive its growth in fiscal year 2025.
Nvidia has reported impressive results throughout fiscal year 2024, fueled by the high demand for its innovative GPUs. Despite U.S.-China trade concerns, the company is addressing the issue by launching a modified gaming chip to meet China’s import regulations. Despite slight revenue impact, analysts predict revenue of $20.46 billion and earnings of $4.61 per share for this quarter.
The company is well-positioned for growth, particularly in the Automotive segment, with strategic partnerships and large revenue and earnings growth estimates for fiscal year 2025. Analysts are optimistic about Nvidia’s potential, with several increases in price targets and a strong buy rating from the analyst community.
Nvidia maintains an impressive 80% market share in chips, solidifying its position as a semiconductor giant. The company remains relatively inexpensive, making it an attractive long-term investment even for latecomers. Another strong quarter could drive the stock even higher, making it the perfect time to invest in this hyper-growth stock.
Read more: 1 Hyper-Growth Stock to Buy and Hold Forever