Nvidia's stock has surged 2,300% in 5 years, with Blackwell architecture expected to drive more gains

From Nasdaq: 2024-12-17 04:08:00

The Dow Jones Industrial Average has seen significant gains this year, fueled by optimism about the economy and Federal Reserve rate cuts. Growth stocks and industrial giants like American Express and Caterpillar have surged, with one newcomer outperforming all others with a 2,300% climb in five years and a projected 170% gain this year.

Nvidia, a dominant player in the AI chip market, has been on a winning streak with triple-digit revenue and profit gains. The company’s recent revenue reached $35 billion and continues to soar due to its innovative products that cater to the AI revolution. Nvidia’s Blackwell architecture launch is expected to further boost revenue and profitability.

Despite concerns about Nvidia’s high valuation, the company’s market leadership, focus on innovation, and profitability make it a solid investment. The launch of Blackwell architecture is anticipated to drive revenue growth and maintain high margins, potentially leading to strong stock performance in the long run. The company’s recent inclusion in the Dow Jones further underscores its growth potential.



Read more at Nasdaq: Meet the Dow Jones’ Top Performing Stock This Year. It’s Climbed 2,300% Over the Past 5 Years, and Its Biggest Catalyst May Be Just Ahead.