Nvidia's stock has soared but faces threats from competition, potential drop in demand, geopolitics, and AI future.
From Nasdaq.: 2024-07-14 14:10:00
The AI gold rush is in full swing after OpenAI’s ChatGPT launch in November 2022, boosting stocks and the S&P 500 by nearly 42%. Nvidia has seen a meteoric rise of 726% since the launch, with earnings growth driving the stock price up. However, Nvidia faces threats from increased competition, potential drop in demand, geopolitics, and AI’s future. It remains to be seen if the promise of AI materializes, making it important for investors to be informed and cautious before investing in Nvidia. The Motley Fool Stock Advisor team has identified 10 stocks for investors to buy now, excluding Nvidia, that could potentially generate significant returns, emphasizing the importance of having a diverse portfolio and staying informed on market trends.
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