From Nasdaq: 2024-06-07 10:23:00

NVIDIA’s remarkable growth trajectory continues as the chipmaker surpasses Apple and hits $3 trillion in market cap. Stock has surged over 140% year to date. Despite concerns, NVIDIA is poised for more growth with solid fundamentals and AI leadership.

NVIDIA leads the race in AI with an 80% market share in AI chips for data centers. It unveiled new high-powered chips set for release in coming years. While competition from AMD and Intel looms, NVIDIA remains a dominant force in AI chip technology.

NVIDIA’s 10-for-1 stock split boosts retail investor interest and may lead to inclusion in the Dow Jones Industrial Average. The move aims to make shares more affordable and increase liquidity without affecting the company’s valuation. Bullish outlook, solid earnings, and attractive valuation make NVIDIA a top pick on Wall Street.

Post-earnings, analysts raise price targets for NVIDIA, emphasizing the chipmaker’s AI leadership position and accelerating product upgrade cycle. With expectations of continued dominance in the AI chips market, NVIDIA’s stock is set to begin trading on a split-adjusted basis, making it more appealing to retail investors.



Read more at Nasdaq: Why Should You Buy NVIDIA (NVDA) Even After a Massive Surge?