Is Nvidia stock still a good buy? | 2024-04-05 | Investing News
From Stockhouse: 2024-04-05 04:00:58
Nvidia (NDAQ:NVDA) dominated in 2023, soaring 239% as its GPU became the go-to for AI developers. Analysts highly recommend “strong buy” for Nvidia shares, predicting a street-high price target of US$1,400. Nvidia’s GPU outperforms CPUs, rendering 50-100 times faster. Free cash flow skyrocketed 430% to US$27B last year, giving Nvidia a strong edge. Market experts emphasize Nvidia’s market dominance and valuation.
Read more at Stockhouse: Is Nvidia stock still a good buy? | 2024-04-05 | Investing News