From Nasdaq: 2024-05-31 08:05:00

Nvidia’s share price has soared 24,000% in 10 years, but buying now comes with risks. First-quarter earnings show strong performance, with revenue up 262% and gross margin at 78.4%. Expect continued growth with new AI chips. Net income rose by 628%, and Nvidia is returning value to shareholders through dividends and buybacks.

While Nvidia isn’t in a bubble, the AI industry fueling its growth might be. Comparison to Cisco during the dotcom bubble raises concerns. High demand for AI hardware faces challenges if software side doesn’t catch up. Nvidia still looks promising at a moderate stock price, but future growth may face obstacles.

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Read more at Nasdaq: Where Will Nvidia Stock Be in 1 Year?