From Nasdaq: 2024-05-11 16:37:00

The AI market is booming, with global spending expected to surpass $200 billion in 2024. Nvidia leads the way in AI chip development, leaving AMD and Intel behind. Nvidia’s sales skyrocketed to $47.5 billion in fiscal 2024, solidifying its dominance. Nvidia’s upcoming AI GPUs and control over TSMC’s chip supply suggest continued growth, prompting UBS to raise its price target and predict $175 billion in revenue by 2025. Though analysts foresee a 36% jump in stock price, Nvidia’s current premium valuation hints at even stronger gains. The Motley Fool Stock Advisor recommends monitoring Nvidia closely amidst its AI chip dominance.



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