Nvidia stock has surged to new highs after a recent slump, focusing on data centers.

From USA Today: 2024-06-18 19:47:29

Nvidia is the largest company by market cap, focusing on data centers and AI in the GPU market. Stock price has surged, hitting over $1,000 after a split, with a target price of $123.63. Revenue beat projections at $26 billion in Q1 2025. Nvidia leads in AI technology development.

Nvidia stock has soared over the last five years, with a return of 600% in 3 years. After a recent slump, the stock surged to new highs in June, driven by data center growth. The company went public in 1999 and has had several successful stock splits, including a recent 10-for-1 split.

Nvidia, founded in 1993, is a major player in GPUs, advancing to AI technology. Amid controversies and strong financial performance, Nvidia is poised for growth in AI and data center markets. Opportunities in AI, machine learning, and data centers abound, while regulatory scrutiny and supply constraints pose challenges.

Nvidia’s strengths lie in GPU technology leadership and diverse revenue streams. Weaknesses include regulatory scrutiny and supply constraints. NVDA is a top stock in the Nasdaq composite index, with a positive forecast for 2024 and 2025. Analysts project significant revenue growth ahead, particularly in the data center segment.



Read more at USA Today: Nvidia Stock Forecast and Price Prediction