From Nasdaq: 2024-04-13 16:27:00

In 2023, Nvidia’s stock soared 239% due to its dominance in AI chips, leading to impressive earnings. In 2024, the stock is up 76%, with continued growth expected. Nvidia is a key supplier to Nintendo Switch, benefiting from the booming AI market. Recent data shows Nvidia’s revenue growth and increasing market share in AI chips.

Nvidia’s stock remains attractive for investors based on its promising position in the tech industry. The company’s revenue and operating income have seen significant jumps, driven by AI GPU sales. Nvidia’s free cash flow is up 430% compared to rivals AMD and Intel. The stock is currently trading at a better value than in previous months.

Analysts predict a bright future for Nvidia, estimating an increase in earnings per share. This outlook suggests a potential stock price rise of 44% by fiscal 2026, outperforming the S&P 500. Nvidia’s strong financials and market position make it an enticing investment opportunity for new investors. Analysts are bullish on the stock’s potential growth.

While Nvidia’s stock has shown strong performance, it’s essential to consider all investment options. The Motley Fool Stock Advisor team highlights 10 top stocks for potential high returns, with Nvidia not included on the list. The service provides expert guidance and stock picks to help investors build a successful portfolio. Consider all options before investing in Nvidia or other stocks.



Read more at Nasdaq: Is Nvidia Stock a Buy?