From Nasdaq: 2024-06-10 14:13:00

Nvidia (NASDAQ: NVDA) stock has surged 144% in 2024 and reached a market cap of nearly $3 trillion. A recent 10-for-1 stock split has boosted investor optimism in the chipmaker. Nvidia’s robust financials and upcoming chip architectures suggest potential for further growth, aiming for a $5 trillion market cap.

The stock split, although cosmetic, has historically increased demand for Nvidia shares. The company’s revenue and earnings have shown impressive growth, primarily driven by its data center segment. Analysts forecast revenue to exceed $182 billion by fiscal 2027. With strong growth potential, Nvidia stock could rise 68% to reach a $5 trillion market cap.

Investors considering Nvidia should note that the Motley Fool’s Stock Advisor team has identified other stocks with growth potential. While Nvidia has performed well historically, exploring diverse investment opportunities may be beneficial. Stock Advisor offers guidance, portfolio building tips, and regular updates for investors seeking long-term success.

Nvidia’s stellar financial performance and upcoming chip architectures point towards continued growth. With a history of strong revenue and earnings growth, Nvidia could potentially reach a $5 trillion market cap with a 68% stock price increase. Investors are encouraged to explore diverse investment options for optimal portfolio growth and success.



Read more at Nasdaq: Is Nvidia Going to $5 Trillion After Its 10-for-1 Stock Split?