01.12.2024 11:10:00
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Here's the 1 Potentially Disappointing Thing About Nvidia You Need to Know Right Now
This year, Nvidia (NASDAQ: NVDA) stock has been on fire, soaring more than 170% so far, and there have been plenty of good reasons for this top performance. The tech giant has proven its dominance in the artificial intelligence (AI) chip market, showing that the world's biggest AI customers are lining up to get their hands on its latest platform. Nvidia says demand for its upcoming Blackwell architecture and chip has surpassed supply, and that's set to continue.The company's successes have translated into massive earnings growth, with quarterly net income and revenue climbing in the triple digits in recent times. This has led to other milestones for Nvidia too. For example, the Dow Jones Industrial Average invited the company to join. And Nvidia's market cap, thanks to its incredible stock performance, has skyrocketed, helping it temporarily soar past Apple to become the world's most valuable company. (It's since returned to the second spot, with a market value of $3.3 trillion.)All of this sounds fantastic. But if you're considering buying Nvidia stock or already hold shares, there's one potentially disappointing thing about the company you need to know right now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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