Investor remains bullish on Nvidia stock despite 138% surge in 2024

From TipRanks: 2024-07-21 18:49:10

Nvidia’s stock has surged by 138% in 2024, driven by AI industry growth. Despite this, investors should not sell, as On the Pulse investor believes NVDA’s valuation is reasonable compared to competitors like AMD. NVDA’s dominance in AI processors positions it for continued growth. Analysts give NVDA a Strong Buy consensus rating with a 19% upside potential.



Read more at TipRanks: ‘It’s Still a Great Buying Point,’ Says Investor About Nvidia Stock