Will NVIDIA Stock Continue Its Uptrend After Rallying 180% YTD?

Zacks12-03 22:46

NVIDIA Corporation NVDA has been a standout performer in 2024, with its stock rocketing nearly 180% year to date. This stellar rise puts NVIDIA at the forefront of the semiconductor industry, handily ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2488940934?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/pXM1demKWkcUam5GodRDIw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/cbfcc2d36e5d5391b79e00de30b0354f","is_english":true,"pubTime":"2024-12-03 22:46","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2488940934","market":"us","top_or_hot":-1,"title":"Will NVIDIA Stock Continue Its Uptrend After Rallying 180% YTD?","media":"Zacks","content":"<div>\n<p>NVIDIA Corporation NVDA has been a standout performer in 2024, with its stock rocketing nearly 180% year to date. This stellar rise puts NVIDIA at the forefront of the semiconductor industry, handily ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nvidia-stock-continue-uptrend-rallying-144600925.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>Will NVIDIA Stock Continue Its Uptrend After Rallying 180% YTD?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill NVIDIA Stock Continue Its Uptrend After Rallying 180% YTD?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-03 22:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/nvidia-stock-continue-uptrend-rallying-144600925.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NVIDIA Corporation NVDA has been a standout performer in 2024, with its stock rocketing nearly 180% year to date. This stellar rise puts NVIDIA at the forefront of the semiconductor industry, handily ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nvidia-stock-continue-uptrend-rallying-144600925.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":"NVDY","symbol_name":"YIELDMAX NVDA OPTION INCOME STRATEGY ETF","start_time":0,"source_url":"https://finance.yahoo.com/news/nvidia-stock-continue-uptrend-rallying-144600925.html","article_id":"2488940934","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/pXM1demKWkcUam5GodRDIw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/cbfcc2d36e5d5391b79e00de30b0354f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488940934","pubTimestamp":1733237160,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"NVIDIA Corporation NVDA has been a standout performer in 2024, with its stock rocketing nearly 180% year to date. This stellar rise puts NVIDIA at the forefront of the semiconductor industry, handily outpacing the Zacks Semiconductor – General industry’s 127.5% gain and the Technology Select Sector SPDR Fund XLK ETF’s 22.6% climb.With a market capitalization of $3.395 trillion, NVIDIA is now the second most valuable publicly traded U.S. company, trailing only Apple Inc. AAPL at $3.622 trillion. Joining the exclusive $3 trillion club alongside Microsoft Corporation MSFT, NVIDIA’s remarkable ascent raises the question: Is there still room for growth, or has it peaked?NVIDIA’s meteoric rise is anchored in its leadership in artificial intelligence , particularly generative AI. As businesses increasingly adopt AI to boost productivity, demand for NVIDIA’s advanced graphic processing units , which power these applications, has surged.NVIDIA’s financial results underscore its dominance. In th","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NVDY":"YIELDMAX NVDA OPTION INCOME STRATEGY ETF","NVDA":"英伟达","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","MSFT":"微软","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU1032955483.USD":"NORDEA 1 STABLE RETURN \"HB\" (USDHDG) ACC","2NVD.UK":"2X NVIDIA ETP","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","IE00BYXW3230.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"AA\" (USD) ACC","NVDX":"T-REX 2X LONG NVIDIA DAILY TARGET ETF","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","LU0171293334.USD":"贝莱德英国基金A2","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","NVD2.UK":"2X NVIDIA ETP","SNVD.UK":"LS -1X NVIDIA","LU2279689827.SGD":"JPMorgan Investment Funds - Global Income Sustainable A (mth) SGD-H","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","NVD3.UK":"LS 3X NVIDIA","BK4507":"流媒体概念","NVDS.UK":"LS -1X NVIDIA","3NVD.UK":"LS 3X NVIDIA","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU1236620750.USD":"HSBC GIF GLOBAL SUSTAINABLE LONG TERM DIVIDEND \"AM2\" (USD) INC","LU1206712785.SGD":"Aviva Investors - Multi-Strategy Target Return Ah SGD","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","CAGR":"California Grapes International, Inc.","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","NVD":"GraniteShares 2x Short NVDA Daily ETF","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","NVDD":"Direxion Daily NVDA Bear 1X Shares","AAPL":"苹果","XLK":"高科技指数ETF-SPDR","BK4503":"景林资产持仓","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","LU2506951958.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) INC","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","LU1221951129.SGD":"NORDEA 1 STABLE RETURN \"HM\" (SGDHDG) INC","NVDS":"Tradr 1.5X Short NVDA Daily ETF","FDN":"First Trust Dow Jones Internet I","NVDU":"Direxion Daily NVDA Bull 2X Shares","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD"},"translate_title":"英伟达股价年初至今上涨180%后会继续上涨趋势吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XLK":1,"AAPL":1,"CAGR":1,"NVDA":1,"MSFT":1,"NVD":0.6,"NVD2.UK":0.6,"NVD3.UK":0.6,"NVDD":0.6,"NVDS":0.6,"NVDS.UK":0.6,"NVDU":0.6,"NVDX":0.6,"NVDY":0.6,"SNVD.UK":0.6,"3NVD.UK":0.6,"FDN":0.6,"2NVD.UK":0.6},"content_text":"NVIDIA Corporation NVDA has been a standout performer in 2024, with its stock rocketing nearly 180% year to date. This stellar rise puts NVIDIA at the forefront of the semiconductor industry, handily outpacing the Zacks Semiconductor – General industry’s 127.5% gain and the Technology Select Sector SPDR Fund XLK ETF’s 22.6% climb.\nYTD Price Return Performance\nImage Source: Zacks Investment Research\nWith a market capitalization of $3.395 trillion, NVIDIA is now the second most valuable publicly traded U.S. company, trailing only Apple Inc. AAPL at $3.622 trillion. Joining the exclusive $3 trillion club alongside Microsoft Corporation MSFT, NVIDIA’s remarkable ascent raises the question: Is there still room for growth, or has it peaked?\nThe AI Revolution: NVIDIA’s Core Growth Engine\nNVIDIA’s meteoric rise is anchored in its leadership in artificial intelligence (AI), particularly generative AI. As businesses increasingly adopt AI to boost productivity, demand for NVIDIA’s advanced graphic processing units (GPUs), which power these applications, has surged.\nAccording to Fortune Business Insights, the global generative AI market is projected to skyrocket to $967.6 billion by 2032 at a compound annual growth rate (CAGR) of 39.6% from 2024. This rapid expansion makes NVIDIA’s GPUs indispensable for companies investing in AI infrastructure.\nNVIDIA’s cutting-edge technology delivers unmatched computational power, enabling large-scale AI models to perform intricate calculations. With generative AI applications spanning industries such as healthcare, automotive and manufacturing, NVIDIA is positioned to dominate this space for years.\nNVIDIA’s Diversified Growth Across Industries\nNVIDIA’s influence extends well beyond AI. The company’s GPUs are integral to advancements in sectors like automotive, healthcare and manufacturing. In automotive, NVIDIA’s solutions contribute to the development of autonomous vehicles, a market expected to experience rapid growth over the next decade. In healthcare, NVIDIA’s GPUs are revolutionizing medical diagnostics, enhancing imaging processes and improving patient care. This broad, multi-industry applicability positions NVIDIA as a resilient and diverse growth engine in the tech landscape.\nMoreover, NVIDIA’s robust data center solutions are gaining traction. As companies invest in cloud and edge computing, demand for powerful data center infrastructure rises, making NVIDIA’s data center business a critical growth driver. This sector alone is projected to significantly boost the company’s revenues as businesses accelerate their digital transformation efforts, solidifying NVIDIA’s long-term growth potential.\nNVIDIA’s Robust Financial Performance Highlights Strength\nNVIDIA’s financial results underscore its dominance. In the third quarter of fiscal 2025, the company reported a staggering 94% year-over-year revenue increase, paired with a 103% jump in non-GAAP earnings per share (EPS). For the fourth quarter, management expects revenues to soar to $37.5 billion, up from $22.1 billion in the prior-year quarter.\nThe Zacks Consensus Estimate for NVIDIA’s fiscal 2025 and 2026 revenues and earnings points to sustained growth, reflecting confidence in the company’s market leadership across multiple sectors, including gaming, automotive and professional visualization.\nImage Source: Zacks Investment Research\nThis financial prowess is reflected in NVIDIA’s strong balance sheet. As of Oct. 27, 2024, the company held $38.4 billion in cash, up from $34.8 billion on July 28. Over the first three quarters of fiscal 2025, NVIDIA generated $47.5 billion in operating cash flow and $45.2 billion in free cash flow.\nThis financial stability not only supports ongoing innovation but also provides a cushion against market volatility, ensuring NVIDIA can capitalize on emerging opportunities.\nNVIDIA’s Discounted Valuation Amid Growth\nDespite its remarkable run, NVIDIA’s valuation remains attractive. The stock trades at a trailing 12-month price-to-earnings (P/E) ratio of 35.15, below the Zacks Semiconductor – General industry average of 37.83. This suggests the stock is trading at a relative discount, offering potential upside for investors.\nImage Source: Zacks Investment Research\nNVIDIA: In a Nutshell\nNVIDIA’s 180% YTD surge is impressive, but its growth trajectory is far from over. The company’s leadership in AI, diversified applications and robust financial performance position it as a cornerstone of the semiconductor and technology sectors.\nFor investors seeking exposure to the AI revolution and beyond, NVIDIA represents a compelling opportunity. The stock’s long-term prospects and attractive valuation make it a must-buy for those looking to ride the wave of technological innovation.\nNVIDIA currently carries a Zacks Rank #2 (Buy) and has a VGM Score of B. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or #2, offer the best investment opportunities for investors. NVDA stock appears to be a compelling investment proposition at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.\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\nApple Inc. (AAPL) : Free Stock Analysis Report\nMicrosoft Corporation (MSFT) : Free Stock Analysis Report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\nTechnology Select Sector SPDR ETF (XLK): ETF Research Reports\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","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":0},"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":"4.29.3","shortVersion":"4.29.3","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/2488940934"}