From NASDAQ: 2024-03-30 21:14:00

Nvidia (NASDAQ: NVDA) dominates the AI space with its GPUs, commanding roughly 90% of the market. Its stock has surged 240% in the past year, reaching a market cap of $2.27 trillion, making it the third most valuable company in the world.

With AI technology advancing rapidly, Nvidia’s sales grew 265% year over year to $22.16 billion in Q4 2023. The company’s net income of $29.76 billion represents 49% of total sales, showcasing high margins. Analysts predict continued growth as Nvidia leads the AI revolution.

As Nvidia’s sales and earnings momentum continues, it could potentially surpass Apple and Microsoft to become the world’s most valuable company. Despite cyclicality, the company’s position in the AI market bodes well for future growth and market dominance. Investors may want to consider the potential of Nvidia’s stock.



Read more at NASDAQ: Will Artificial Intelligence (AI) Allow Nvidia to Crush Apple and Microsoft, and Become the Most Valuable “Magnificent Seven” Stock?