NVDA Buy Alert: Why Nvidia Is the Only AI Stock That Matters

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NVDA Buy Alert: Why Nvidia Is the Only AI Stock That Matters

InvestorPlace06-07

Shares of Nvidia (NVDA) just passed Apple, becoming the world’s second-largest company by market capitalization. Nvidia’s recent launch of its next-gen AI chips comes only months after its previous ...

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href=https://investorplace.com/2024/06/nvda-buy-alert-why-nvidia-is-the-only-ai-stock-that-matters/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Nvidia (NVDA) just passed Apple, becoming the world’s second-largest company by market capitalization. \nNvidia’s recent launch of its next-gen AI chips comes only months after its previous ...</p>\n\n<a href=\"https://investorplace.com/2024/06/nvda-buy-alert-why-nvidia-is-the-only-ai-stock-that-matters/\">Source 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SGD-H"},"translate_title":"NVDA买入提醒：为什么英伟达是唯一重要的人工智能股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1,"NVDA":1,"MSFT":1,".IXIC":0.7,"TQQQ":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"AMD":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Shares of Nvidia (NVDA) just passed Apple, becoming the world’s second-largest company by market capitalization. \nNvidia’s recent launch of its next-gen AI chips comes only months after its previous model debut.\nAn additional 10-for-1 stock split could drive retail investor demand in this stock like we haven’t seen in some time. \n\n\n\n\n\n \n\nSource: Shutterstock\n\n\n\n Nvidia’s (NASDAQ:NVDA) stock popped following impressive earnings in May, as revenue and net income grew 262% and 628% respectively on a year-over-year basis. Amid strong demand for its AI chips, Nvidia’s venture into cloud computing offers further growth prospects investors are clearly pricing in.\nCEO Jensen Huang announced AI accelerator updates, including the Blackwell Ultra chip in 2025 and the Rubin platform in 2026, to expand beyond cloud-computing giants. Huang stresses the need for AI adoption across sectors for future competitiveness. Here’s more on why Nvidia looks like a stock every investor simply needs to own right now.\nNvidia Stock Represents World’s Second Most Valuable Company\nNvidia just hit a $3 trillion market capitalization on Wednesday, surpassing Apple (NASDAQ:AAPL) as the second-most valuable company worldwide. \nThis move comes as investors put a premium on Nvidia’s significant contributions to AI and its forward projections. \nNow up roughly 150% this year alone, NVDA stock simply looks unstoppable, with its targets clearly set on Microsoft (NASDAQ:MSFT) and the mantle of the world’s most valuable company.\nThrough capitalizing growth in AI, gaming, and crypto, Nvidia is driven with innovation and demand is quite high for its chips. The company is heavily weighted on both Nasdaq and S&P 500. \nNvidia has been a force, driving U.S. stocks to record highs, contributing nearly a third of the overall profit reported by the S&P 500 in 2024.\nIf this rally continues, it’s entirely feasible to live in a world where Nvidia takes top spot in the market, and in short order.\nNew AI Chips\nNvidia unveiled its next-generation AI chips, “Rubin,” just months after announcing the “Blackwell” model. CEO Jensen Huang introduced Rubin ahead of the COMPUTEX conference in Taipei. This rapid progression highlights Nvidia’s accelerated AI chip development.\nNvidia committed to releasing new AI chips annually, shifting from a two-year update cycle. The quick transition from Blackwell to Rubin in less than three months shows intense competition in the AI chip market. The company is also experiencing tight competition with other tech giants like Amazon, AMD, Google, Intel, and more. \nHuang stated that computing is on the verge of a significant shift, driven by Nvidia’s AI and accelerated computing innovations. The new Rubin chip platform will feature advanced GPUs and a central processor named “Vera,” although details were limited in the announcement.\nUpcoming 10 for 1 Stock Split\nAfter announcing its May 22 strong earnings report, Nvidia also revealed a 10 for 1 stock split. This will make it easier for investors to buy stocks from the AI chip giant. Shares saw a 9% increase after the news, and the market also anticipates more increases after the split.\nThe stock split will allow shareholders 10 shares for each one they have. Shareholders as of June 6 received nine additional shares after market close on June 7, with split-adjusted trading starting June 10. \nThis increased the number of shares tenfold, lowering individual share prices without affecting total investment value or market cap.\nThe stock split aimed to broaden Nvidia’s investor base and enhance liquidity, with its high price potentially deterring some investors. \nNvidia cited accessibility as a motive, aiming to make stock ownership easier for employees and investors. Lowering stock price could also facilitate inclusion in price-weighted indexes like the Dow Jones Industrial Average.\nNVDA Stock Remains a Strong Buy\nNvidia plans to launch its Rubin platform in early 2025, with Taiwan Semiconductor Manufacturing producing the chips. \nThe Rubin platform’s 4x reticle design, larger than Blackwell’s 3.3x, has sparked positivity in NVDA and TSM stocks. Conversely, AMD’s stock decline hints at market optimism for Nvidia’s new chips and partnerships.\nWith its stock doubling year-to-date and surpassing a $3 trillion market cap, Nvidia eyes the top spot among publicly traded firms, backed by a strong buy rating from analysts.\nOn the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nChris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.Technology, Artificial Intelligence, Semiconductor \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/06/nvda-buy-alert-why-nvidia-is-the-only-ai-stock-that-matters/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}