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A Year and $2 Trillion Later, Nvidia Stock Remains Irresistible.

Authors :
Wittenstein, Jeran
Source :
Bloomberg.com; 6/5/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Nvidia Corp., the world's most valuable chipmaker, continues to experience massive growth and profitability, making it an attractive stock for investors. The company's dominance in artificial intelligence (AI) chips has propelled its rapid rise in value, with its market capitalization now nearing $2.9 trillion. Nvidia's competitors have been unable to catch up in the AI space, and major technology companies are increasing their spending on AI computing infrastructure. Analysts expect Nvidia's net income to more than double in the current fiscal year, and its profit margins and pricing power are also increasing. Despite some caution and skepticism, many investors remain bullish on Nvidia's future prospects. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
177676372