From Nasdaq: 2024-06-06 09:26:00

NVIDIA Corporation surpassed $3 trillion market capitalization, joining Microsoft and Apple. NVDA stock rose 5.2% to $1,224.40, overtaking Apple. With 148.7% surge in stock price, NVIDIA may surpass Microsoft soon. Generative AI investments are expected to benefit NVIDIA, driving its growth. The company expects second-quarter revenues to reach $28 billion.

NVIDIA’s strength in generative AI will drive its growth as demand for high-computing chips rises. The company’s GPUs are used in various industries, expanding its market. NVIDIA expects its second-quarter revenues to double to $28 billion due to surging AI investments. Savvy investors can capitalize on NVIDIA’s potential for long-term growth.

NVIDIA is in a strong financial position with substantial cash reserves. The company’s stock trades at a higher ratio than the industry average due to its growth opportunities. NVIDIA holds a Zacks Rank #1 (Strong Buy) with a Growth Score of A, making it an attractive investment. CrowdStrike Holdings is another top-ranked stock worth considering for growth. Bitcoin has historically yielded significant returns and is predicted to surge further.



Read more at Nasdaq: Is NVIDIA (NVDA) Stock Worth Buying as Market Cap Tops $3T?