From Nasdaq, Inc.:

In 2023, Nvidia’s stock soared 239% as it emerged as a leader in AI chips, with vast revenue growth and earnings that surpassed analyst expectations. The company’s stock rose steadily, hitting record highs following Nvidia’s impressive first-quarter earnings report, and the momentum only increased from there. Revenue nearly tripled in the third quarter, and net income reached $9.2 billion. Nvidia also released new products and partnerships, hinting at continued growth and technological edge over competition. Investors may see continued gains in 2024, as the stock looks affordable with a forward P/E of 27. If you’re considering investing in Nvidia, The Motley Fool Stock Advisor analyst team suggests checking out their 10 best stocks, which includes some potential high-return opportunities.
The author has no position in Nvidia. The Motley Fool has positions in and recommends Nvidia.



Read more: Why Nvidia Stock Skyrocketed 239% in 2023