Nvidia stock has surged 150% in 2024, historical data suggests it may continue to perform well.

From Nasdaq: 2024-06-27 04:12:00

Nvidia (NASDAQ: NVDA) dominates the market for data center GPUs, with a market share of over 80%. Shares have surged 150% this year, driving gains in the S&P 500. Historical data suggests Nvidia could continue to perform well in the second half of 2024, with a median return of 36%. Wall Street analysts are bullish on Nvidia’s growth potential, expecting earnings per share to grow at 33% annually over the next three to five years. While the stock may face short-term volatility, the long-term outlook appears promising for investors. The Motley Fool Stock Advisor team has identified Nvidia as a strong investment option, with the potential for significant returns over the coming years.



Read more at Nasdaq: Nvidia Stock Is Up 150% in 2024. History Says the AI Stock Will Do This in the Second Half of the Year (Hint: It May Shock You).