The article discusses NVIDIA’s stock performance and future prospects, driven by the company’s leadership in artificial intelligence (AI) and graphics processing units (GPUs). Key points include: 1) NVIDIA’s stock has surged over 90% this year, outperforming major indexes, fueled by the AI boom and strong demand for its chips. 2) Analysts expect NVIDIA’s earnings to grow by over 60% annually through 2024, driven by AI and data center demand. 3) The company’s GPUs are essential for AI applications like large language models and generative AI. 4) NVIDIA’s AI computing platform and software ecosystem position it as a key enabler of the AI revolution. 5) Risks include competition from AMD and Intel, supply chain constraints, and potential regulatory scrutiny. 6) However, analysts remain bullish on NVIDIA’s long-term prospects, with price targets suggesting further upside potential.
NVIDIA Stock Price Prediction: Artificial Intelligence and GPU Earnings Forecast Rally to 2024
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