From Nasdaq: 2024-11-08 11:20:00

NVIDIA hits a historic milestone, surpassing $3.6 trillion in market capitalization following a market rally post-Trump’s election win. The chipmaker joins the Dow Jones Industrial Average, replacing Intel, indicating strong growth potential. Analysts predict NVIDIA’s value will increase due to its AI chip dominance and suggest investing in ETFs with high NVIDIA exposure.

NVIDIA leads in AI chip design, with 80-95% market control and significant clients like Microsoft and Amazon. The company expects substantial growth in its data center business, fueled by its new AI GPU, Blackwell. NVIDIA plans to launch advanced GPU chips like Blackwell Ultra and Rubin, driving further growth and potentially billions in added revenues.

NVIDIA’s revenue has doubled for five consecutive quarters, with continued growth projected. The company’s earnings are expected to increase significantly, with a strong history of surpassing estimates. Despite a high valuation, NVIDIA remains a top performer in the industry, with a PEG ratio lower than the industry average, indicating value for investors.

Investors can tap into NVIDIA’s growth through ETFs like NVDX, SHOC, WUGI, DARP, and SMH, offering exposure to the chipmaker. NVIDIA’s strong market position and growth potential make it an attractive investment opportunity. The company holds a Zacks Rank #2 (Buy) and a Growth Score of A, highlighting its favorable outlook for investors.



Read more at Nasdaq: ETFs to Buy on NVIDIA’s Historic Journey to $3.6 Trillion