From NASDAQ: 2024-04-14 14:17:00

Nvidia’s AI chip surge has driven its stock price nearly sixfold since the beginning of 2023. Despite concerns of a potential bubble, the adoption of AI across industries could sustain Nvidia’s growth. The U.S. government’s grant to TSMC could further boost Nvidia’s competitiveness in the AI chip market, translating to strong earnings growth potential and a potential 85% stock price increase in the next five years. Analysts predict Nvidia’s earnings to grow at an annual rate of 35% for the next five years, positioning it as a top player in the lucrative AI chip market. The Motley Fool’s Stock Advisor recommends 10 other stocks for potential monster returns in the coming years.



Read more at NASDAQ: Nvidia Is Not in a Bubble: You Should Be Buying This Artificial Intelligence (AI) Stock Hand Over Fist Before It Soars