From Nasdaq: 2024-11-10 05:32:00

Nvidia’s stock hit another all-time high, fueled by AI adoption. Cloud providers like Amazon and Microsoft continue to invest heavily in AI. Palantir and Taiwan Semiconductor also reported strong results driven by AI demand. Nvidia’s GPUs play a crucial role in AI development, maintaining dominance in the market.

Wall Street analysts remain bullish on Nvidia, with a near-unanimous buy rating. Despite concerns about gross margins and valuation, analysts see strong potential for growth. Nvidia’s record financial results and ongoing innovation make it a solid investment choice. The stock has surged 200% this year and still offers upside potential.



Read more at Nasdaq: Should You Buy Nvidia Stock After It Notched 200% Gains in 2024? Wall Street Is Providing a Nearly Unanimous Answer.