NVIDIA Stock Price Prediction: Artificial Intelligence Chips and GPU Earnings Report for 2024

The article discusses NVIDIA’s stock price prediction and its potential growth driven by the increasing demand for artificial intelligence (AI) chips and graphics processing units (GPUs). It highlights NVIDIA’s dominance in the AI chip market, with its GPUs being widely used for training and running AI models. The article mentions that NVIDIA’s revenue from data center chips, which are crucial for AI applications, has been growing rapidly. It also notes that the company’s gaming GPU business remains strong, contributing to its overall revenue. The key takeaway is that analysts are bullish on NVIDIA’s stock due to the company’s leadership in AI and GPU technology, which positions it well for the growing AI market. The article suggests that NVIDIA’s earnings report for 2024 could be a significant catalyst for further stock price growth, as the company is expected to benefit from the increasing adoption of AI across various industries.

Source: https://markets.businessinsider.com/news/stocks/nvidia-stock-price-prediction-artificial-intelligence-chips-gpu-earnings-report-2024-5