The article discusses NVIDIA’s stock price and its potential for growth in the coming years. According to the author, NVIDIA’s stock has experienced a significant decline, similar to the dot-com bubble burst in the early 2000s. However, the author argues that there are fundamental differences between NVIDIA’s current situation and the dot-com era, making NVIDIA a compelling investment opportunity. The key points are: 1) NVIDIA’s core business in artificial intelligence (AI) and data center chips is thriving, unlike the speculative dot-com companies. 2) NVIDIA’s revenue and earnings growth remain strong, with a projected compound annual growth rate of 21% through 2024. 3) The author recommends buying NVIDIA stock on dips, as the company’s long-term prospects in AI and data centers are promising. 4) NVIDIA’s valuation has become more attractive after the stock’s decline, making it a potential buy for long-term investors.
NVIDIA Stock Price Prediction: Buy NVDA on Decline, Dot-Com Differences by 2024
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