Nvidia Stock Just Did This for the First Time in 3 Years. Here's What History Says Will Happen Next

Nvidia (NASDAQ: NVDA) amazed investors over the past few years, climbing with what seemed like nonstop momentum to reach record levels. The stock even soared beyond $1,000 last year before the company launched its stock split, a move to lower the per-share price. All of this is thanks to Nvidia's position in one of today's most-watched markets: artificial intelligence (AI).Analysts expect this market to explode higher throughout the decade, and developments we've seen so far support this idea. Tech giants are investing billions of dollars in their AI programs -- and many already are starting to see the efforts bear fruit. For example, Amazon's cloud computing arm last year posted a $115 billion revenue run rate as customers opted for its AI products and services.All of this has helped Nvidia's earnings to climb. The share price followed until recently, as concerns about the general economy outweighed optimism about Nvidia's financial results and future prospects. In fact, just last week, Nvidia stock did something it hasn't done for nearly three years. Let's take a look at this move, and consider what history says will happen next.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool