Nvidia's stock expected to climb in second half due to game-changing Blackwell architecture

From Nasdaq: 2024-07-17 06:05:00

Nvidia (NASDAQ: NVDA) stock has soared over the years due to its 80% share in the AI chip market. With triple-digit earnings growth and investor optimism, the stock surged nearly 150% in the first half. Despite a recent pause, a game-changing move involving the Blackwell architecture is expected to drive future growth.

The rollout of Nvidia’s Blackwell architecture promises 4 times faster training and 30 times faster inference than its current top performer. This innovation is set to revolutionize the AI chip market and deliver significant cost savings to customers. With a strategic launch plan in place, Nvidia aims for broad adoption across various customer projects.

Investors anticipating Nvidia’s revenue growth following the Blackwell launch may see positive stock performance in the second half. Analysts forecast double-digit stock gains, driven by the company’s consistent earnings growth and new growth driver. Even potential stock fluctuations won’t hinder Nvidia’s steady progress in the AI sector over time.

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Read more at Nasdaq: Prediction: Nvidia Will Climb in the Second Half Thanks to This 1 Game-Changing Move