Nvidia's market cap nears $3.3 trillion, revenue surges, new GPUs highly anticipated

From Nasdaq: 2024-10-16 04:30:00

Nvidia (NASDAQ: NVDA) is closing in on a market cap of $3.3 trillion, just $150 billion behind Apple. With soaring demand for AI-powered applications, Nvidia’s GPUs are at the forefront of innovation. The company’s new Blackwell GPUs are highly anticipated, selling for $30,000 to $40,000 each.

Nvidia’s revenue has skyrocketed, reaching $96 billion in the last 12 months, with expectations to hit $178 billion by 2026. Net income has surged by 1,200%, driving the stock’s rapid growth. Despite potential fluctuations, Nvidia’s position in the AI revolution makes it a strong long-term investment.

For investors seeking potentially lucrative opportunities, expert analysts are issuing “Double Down” stock recommendations for select companies. Historical returns on investments in Amazon, Apple, and Netflix after these recommendations have been significant. Now may be the ideal time to invest in these companies before they experience further growth.



Read more at Nasdaq: Where Will Nvidia Be in 1 Year?