From Nasdaq: 2024-11-19 07:30:00

Nvidia is closing in on a $4 trillion market cap, with a value of $3.6 trillion, on track to surpass Apple. Nvidia’s growth is driven by its GPUs, particularly in AI model training, leading to surging revenue and profit margins. Expectations are high, with a 51x forward earnings ratio, but Q3 projections show solid growth potential.

Investors are wondering if Nvidia can reach a $4 trillion valuation before Apple. Despite high expectations, Nvidia’s revenue growth is projected to slow. The stock already trades at high levels, with potential for a tumble if growth slows further. Expectations will be tested after Nvidia’s Q3 earnings report on Nov. 20.

The Motley Fool’s Stock Advisor team doesn’t list Nvidia among the 10 best stocks to buy now, but past performance shows significant returns. Stock Advisor offers guidance on building a successful portfolio with regular updates and stock picks. Since 2002, the service has outperformed the S&P 500 by more than fourfold. 1. The stock market reached record highs today, with the S&P 500 hitting a new peak of 4,500 points. This surge was driven by positive earnings reports from major tech companies like Apple and Amazon, as well as strong economic data indicating a robust recovery from the pandemic.

2. In other news, NASA announced the successful launch of its latest Mars rover, Perseverance, which is set to explore the Red Planet for signs of ancient life. This mission marks a significant milestone in the quest to better understand the possibility of life beyond Earth.

3. On the political front, President Biden signed a $1 trillion infrastructure bill into law, signaling a major investment in the country’s roads, bridges, and broadband networks. The bill is expected to create millions of jobs and improve the nation’s overall infrastructure for years to come.

4. Meanwhile, COVID-19 cases continue to rise in certain parts of the country, prompting renewed concerns about the Delta variant and the need for increased vaccination efforts. Health officials are urging the public to remain vigilant and take necessary precautions to prevent further spread of the virus.



Read more at Nasdaq: Prediction: Nvidia Will Be the World’s First $4 Trillion Company