From Nasdaq: 2024-11-11 04:05:00

Nvidia (NASDAQ: NVDA) stock has surged 2,700% over the past five years, driven by its dominance in the $200 billion AI market. The company offers top GPUs and a full suite of AI products, leading to record earnings. With upcoming catalysts like Q3 earnings and Blackwell launch, investors are eyeing further growth potential.

Nvidia’s GPUs are highly sought after by tech giants like Oracle and Tesla, with demand exceeding supply. The company’s diverse AI offerings have led to triple-digit earnings growth, generating a record $30 billion in revenue. Nvidia’s upcoming Q3 earnings report and Blackwell architecture launch could impact stock performance, with revenue growth expected to remain strong.

The launch of Blackwell in Q4 could bring in billions in revenue for Nvidia, driving stock prices higher. However, meeting demand and managing the supply chain effectively will be crucial. Despite short-term fluctuations, Nvidia’s long-term growth prospects remain bright, making it an attractive investment ahead of key events.

Investors may want to consider the 10 best stocks identified by the Motley Fool Stock Advisor team, which do not currently include Nvidia. While Nvidia has seen significant growth, other stocks could potentially yield higher returns. Stock Advisor offers a roadmap for success, with regular updates and new stock picks that have outperformed the S&P 500 since 2002.

Disclaimer: The author has positions in Oracle and Tesla, and The Motley Fool has positions in and recommends Apple, Nvidia, Oracle, and Tesla. The views expressed are the author’s own and do not necessarily reflect those of Nasdaq, Inc.



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