Should You Buy Nvidia After Its Huge Run? ETFs in Focus

Zacks02-07

The NVIDIA NVDA stock is again a blockbuster this year as it jumped 44% courtesy of high hopes from artificial intelligence (AI). A surge in Hyperscale demand and a solid uptake of AI-based smart ...

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A surge in Hyperscale demand and a solid uptake of AI-based smart ...</p>\n\n<a href=\"https://finance.yahoo.com/news/buy-nvidia-huge-run-etfs-162300193.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Should You Buy Nvidia After Its Huge Run? 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ETFs in Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-07 00:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/buy-nvidia-huge-run-etfs-162300193.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The NVIDIA NVDA stock is again a blockbuster this year as it jumped 44% courtesy of high hopes from artificial intelligence (AI). A surge in Hyperscale demand and a solid uptake of AI-based smart ...</p>\n\n<a href=\"https://finance.yahoo.com/news/buy-nvidia-huge-run-etfs-162300193.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WUGI","symbol_name":"Esoterica NextG Economy ETF","start_time":0,"source_url":"https://finance.yahoo.com/news/buy-nvidia-huge-run-etfs-162300193.html","article_id":"2409282304","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/5fF_3dSiQ5rQZ20uShTWdQ--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/02c1245facc17eb1278e28574fc5cc1c"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2409282304","pubTimestamp":1707236580,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The NVIDIA NVDA stock is again a blockbuster this year as it jumped 44% courtesy of high hopes from artificial intelligence . A surge in Hyperscale demand and a solid uptake of AI-based smart cockpit infotainment solutions are acting as tailwinds.The chip giant has witnessed an impressive 228.8% rally in its stock price over the past year. NVIDIA has a Zacks Rank #2 andit is a growth stock as well as pricey too.NVIDIA’s P/E  ratio 76.13X versus the semiconductor industry’s P/E ratio of 26.53X. NVIDIA’sexpected growth rate for next year is 63.17%versus the expected growth rate of 14% for the industry and 4.96% for the S&P 500.Despite this remarkable run, Goldman Sachs remains bullish on the company's prospects and has raised its price target for Nvidia from $625 to $800, marking a potential upside of 21% from the previous Friday's closing price. This positive outlook has driven Nvidia's stock to new heights, with its market valuation now reaching $1.7 trillion, per a Business Insider ar","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"WUGI":"Esoterica NextG Economy ETF","BK4543":"AI","BK4527":"明星科技股","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4579":"人工智能","BK4588":"碎股","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","VCAR":"Simplify Volt RoboCar Disruption and Tech ETF","BK4141":"半导体产品","GS":"高盛","BK4503":"景林资产持仓","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BOTZ":"Global X Robotics & Artificial Intelligence Thematic ETF","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4581":"高盛持仓","BK4504":"桥水持仓","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","NVDA":"英伟达","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4529":"IDC概念","SMH":"半导体指数ETF-HOLDRs","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4592":"伊斯兰概念","ABR":"阿伯房地产信托","LU0234570918.USD":"高盛全球核心股票组合Acc Close","TRFK":"PACER DATA AND DIGITAL REVOLUTION ETF","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4585":"ETF&股票定投概念","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","LU0080751232.USD":"富达环球多元动力基金A","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4587":"ChatGPT概念","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","FDN":"First Trust Dow Jones Internet I","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC"},"translate_title":"英伟达大卖后你应该买吗？聚焦ETF","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WUGI":1,"ABR":1,"BOTZ":1,"NVDA":1,"TRFK":1,"SMH":1,"VCAR":1,"GS":0.9,"FDN":0.9},"content_text":"The NVIDIA NVDA stock is again a blockbuster this year as it jumped 44% courtesy of high hopes from artificial intelligence (AI). A surge in Hyperscale demand and a solid uptake of AI-based smart cockpit infotainment solutions are acting as tailwinds.\nThe chip giant has witnessed an impressive 228.8% rally in its stock price over the past year. NVIDIA has a Zacks Rank #2 (Buy) and it is a growth stock as well as pricey too. NVIDIA’s P/E (ttm) ratio 76.13X versus the semiconductor industry’s P/E ratio of 26.53X. NVIDIA’s expected growth rate for next year is 63.17% versus the expected growth rate of 14% for the industry  and 4.96% for the S&P 500.\nDespite this remarkable run, Goldman Sachs remains bullish on the company's prospects and has raised its price target for Nvidia from $625 to $800, marking a potential upside of 21% from the previous Friday's closing price. This positive outlook has driven Nvidia's stock to new heights, with its market valuation now reaching $1.7 trillion, per a Business Insider article.\nData Center Revenue Growth\nGoldman Sachs analysts are confident that Nvidia's Data Center revenue will not fall in the second half of 2024, as previously anticipated. Instead, they expect a persistent uptick in Data Center revenue throughout the first half of 2025.\nThis positive outlook is attributed to several factors, including continued investments by major cloud service providers in generative AI infrastructure, a widening customer base, and the introduction of new product cycles.\nNvidia's reaffirmation of its conviction in growing Data Center revenue beyond CY2024, based on clear visibility into capital spending patterns among major cloud service providers.\nStrong Demand for AI-Enabling GPU Chips\nGoldman Sachs points to recent commentary from major cloud providers such as Amazon, Microsoft, and Alphabet as evidence that Nvidia is poised to benefit from continued spending on AI-enabling GPU chips like the H100. These cloud giants have reported increased adoption and monetization of AI-related services and products, contributing to Nvidia's growth prospects.\nOther Tech Giants’ Bullish Comments Indicate Strong Market Potential\nNvidia’s competitor AMD's revised 2024 Data Center GPU revenue outlook indicates a substantial increase, further validating the market's potential. Marvell's positive comments about its optical DSP and custom compute businesses led Goldman Sachs to adjust its revenue forecasts for the Data Center segment, the IBD article indicated.\n Forward guidance from Super Micro suggests an acceleration in revenue growth, reflecting increased demand for Nvidia's products. Positive commentary on AI-related capital spending by hyperscalers, with Meta Platforms increasing its 2024 capex guidance is another factor that can boost Nvidia’s business. Goldman Sachs anticipates that Nvidia will ramp up production of its next-gen H200 hyperscaler in the second quarter of 2024.\nWhat Does the Broker Rating Say?\nGoldman Sachs is not alone in its optimism, as Bank of America also raised its price target for Nvidia to $800 last week, underscoring the belief that the demand for AI technologies remains in its booming stage and will continue to drive Nvidia's growth.\nNvidia currently has an average brokerage recommendation (ABR) of 1.22 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 39 brokerage firms. The current ABR compares to an ABR of 1.23 a month ago based on 37 recommendations.\nOf the 39 recommendations deriving the current ABR, 33 are Strong Buy and three are Buy. Strong Buy and Buy respectively account for 84.62% and 7.69% of all recommendations. A month ago, Strong Buy made up 83.78%, while Buy represented 8.11%.\nConsensus Price Target\nBased on short-term price targets offered by 37 analysts, the average price target for Nvidia comes to $664.12. The forecasts range from a low of $410.00 to a high of $1,100.00. The average price target represents an increase of 0.38% from the last closing price of $661.60.\nAny Caveat?\nNVIDIA lacks on value. The stock has very high P/E and P/CF ratios. Against this backdrop, below we highlight a few NVIDIA-heavy ETFs so that investors can avoid company-specific concentration risks. After all, the semiconductor industry, as a whole, has a decent average brokerage recommendation.\nETFs in Focus\nZacks Rank #1 (Strong Buy) VanEck Semiconductor ETF SMH – NVIDIA has 19.84% Focus\nAXS Esoterica NextG Economy ETF WUGI – NVIDIA has 18.25% Exposure\nSimplify Volt RoboCar Disruption and Tech ETF VCAR – NVIDIA has 14.05% Exposure\nGlobal X Robotics & Artificial Intelligence ETF BOTZ – NVIDIA has 13.29% Exposure\nZacks Rank #2 Pacer Data and Digital Revolution ETF TRFK – NVIDIA has 13.09% Exposure\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nVanEck Semiconductor ETF (SMH): ETF Research Reports\nGlobal X Robotics & Artificial Intelligence ETF (BOTZ): ETF Research Reports\nAXS Esoterica NextG Economy ETF (WUGI): ETF Research Reports\nSimplify Volt Robocar Disruption and Tech ETF (VCAR): ETF Research Reports\nPacer Data and Digital Revolution ETF (TRFK): ETF Research Reports\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2409282304"}