AI giant’s stock rides high on chip demand By Investing.com
NVIDIA Corporation (NASDAQ:) continues to cement its position as a leader in the artificial intelligence (AI) and high-performance computing markets, with exceptional financial results and a bullish outlook from analysts. According to InvestingPro data, NVIDIA has achieved remarkable revenue growth of 152% over the last twelve months, with an impressive gross profit margin of 75.86%, demonstrating its strong market position and operational efficiency. The company’s stock has seen significant gains in 2024, driven by strong demand for its graphics processing units (GPUs) and AI-focused products. This comprehensive analysis examines NVIDIA’s recent performance, future prospects, and the factors influencing its stock price.
