From Nasdaq: 2024-11-08 09:09:00

Nvidia (NASDAQ: NVDA) stock is a top pick for November, according to Mizuho’s Vijay Rakesh. The analyst notes Nvidia’s dominance in AI chip supply, predicting significant growth in that market. Despite already surpassing a $140 price target, Rakesh sees Nvidia continuing to lead with over 95% market share.

The fast-growing AI chip sector and Nvidia’s gaming segment contribute to its success. Gaming chip sales have risen over 11% in recent quarters, with Nvidia holding about 75% market share in GPUs. While Nvidia stock has exceeded its current price target, it remains a leader in multiple high-growth segments.

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Howard Smith has positions in Nvidia, and The Motley Fool recommends and holds positions in the company. Keep in mind that the views expressed are those of the author and not Nasdaq, Inc.



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