From Nasdaq: 2024-07-27 13:24:26

1. Nvidia (NVDA) stock has soared 128% year-to-date and 583.8% in the past two years, briefly surpassing Microsoft as the most valuable company in the U.S. This remarkable performance is attributed to Nvidia’s leadership in GPUs crucial for AI technology.

2. Despite concerns about maintaining momentum, Nvidia’s growth trajectory looks strong. The company’s GPUs are essential for generative AI applications, positioning it well for continued growth as AI adoption expands across various industries. Product innovations and new launches also contribute to its dominance in the AI market.

3. Nvidia’s Data Center segment recorded record revenues of $22.6 billion in Q1 fiscal 2025, with a 427% year-over-year increase driven by robust demand for the Hopper GPU computing platform. The company’s diversified customer base, including major cloud providers, underscores its role as a key AI infrastructure provider.

4. The company’s innovation pipeline remains robust, with strong demand for the Hopper H100 GPU and advancements in LLM inference. New product launches like the Blackwell GPU architecture and Spectrum-X Ethernet solution signal future revenue growth. Nvidia is well-positioned to capitalize on the growing demand for high-performance AI solutions.

5. Beyond the Data Center segment, Nvidia sees growth opportunities in gaming and automotive sectors. Positive reception of GeForce RTX Super GPUs in gaming and advancements in AI cockpit solutions for self-driving platforms bode well for future revenue growth. Analysts predominantly recommend a “Strong Buy” for Nvidia stock, anticipating a potential upside of 25% from recent levels.



Read more at Nasdaq: Up 128% YTD, Should You Still Invest in Nvidia Stock?