From Nasdaq.: 2024-05-15 04:00:00

Nvidia (NVDA) maintains its dominant position in AI with the Blackwell platform, offering efficient real-time generative AI solutions. Earnings are projected to surge by triple digits over the next quarters. The stock’s technical outlook is bullish, supported by relative strength and shakeout movements. Valuation remains attractive, and Wall Street is optimistic.

A new semiconductor stock, one-ninth the size of Nvidia, is poised for growth in the AI, machine learning, and IoT sectors. Global semiconductor manufacturing is expected to grow from $452 billion in 2021 to $803 billion by 2028. This stock presents a significant growth opportunity compared to Nvidia.

Cloud demand is driving data center growth, with companies like Amazon and Meta Platforms investing heavily in cloud infrastructure. Nvidia stands to benefit from the EV market as it collaborates with over 320 automotive industry players. These factors, along with top-tier fundamentals and new products, make Nvidia a compelling investment option.



Read more at Nasdaq.: Bull of the Day: Nvidia (NVDA)