Nvidia stock is a buy opportunity due to evidence of strong AI demand

From Nasdaq: 2024-10-11 04:40:00

The AI revolution has been a boon for Nvidia, with stock soaring 800%. Demand fears caused a 27% stock drop, but rebounded with evidence of strong AI demand. Supermicro and TSMC data confirm robust GPU demand, hinting at ongoing growth. Nvidia’s solid financials and valuations point to a buy opportunity with potential for growth.



Read more at Nasdaq: Is It Too Late to Buy Nvidia Stock? Evidence Is Piling Up That Provides a Compelling Answer.