Nvidia has had a successful year with strong revenue growth and market leadership in AI

From Nasdaq: 2024-12-21 03:05:00

Nvidia (NASDAQ: NVDA) has had a record-breaking year, with soaring revenue, inclusion in the Dow Jones Industrial Average, and a stock price increase of 160%. With a strong position in the AI chip market, Nvidia is poised to benefit from the projected $1 trillion AI market by the end of the decade.

Nvidia’s GPUs have led to triple-digit revenue growth, with revenue exceeding $35 billion and a gross margin of over 70%. The company’s return on invested capital (ROIC) shows wise investments. CEO Jensen Huang will be speaking at CES 2025, where Nvidia may showcase AI innovations in the gaming GPU market.

Investors may want to consider buying Nvidia stock before CES on Jan. 6, as optimism about the company’s innovations could drive the stock price higher. However, long-term investors may not need to rush, as Nvidia’s market leadership and innovation are likely to lead to strong returns over time.

The Motley Fool Stock Advisor team has identified the 10 best stocks to buy now, with the potential for significant returns in the future. Nvidia, while not on the list, has a history of strong performance and market leadership in the AI and gaming markets.



Read more at Nasdaq: Should You Buy Nvidia Before Jan. 6, 2025?