NVDA: HUGE POTENTIAL TO BUY

$NVIDIA Corp(NVDA)$ has powerful tailwinds pushing it higher Tesla and every other artificial intelligence (AI) stock can't make their technology without the help of one company, and that's Nvidia (NASDAQ: NVDA). Nvidia stock soared over the last year as its chips are in extraordinarily high demand from companies like OpenAI, Oracle, Meta Platforms, and Tesla, among others. Nvidia, which invented the graphics processing unit (GPU), has a significant head start over its rivals. [Miser][Miser][Miser]

AI systems like OpenAi's ChatGPT and autonomous vehicle systems like Tesla's full self-driving rely on massive training models that use the kind of chips and accelerators Nvidia makes. [Cool][Cool][Cool]

That strong demand should help power Nvidia stock higher this year as it's coming off a third quarter in which revenue tripled year over year and its generally accepted accounting principles (GAAP) profit rose by 12x. [Happy][Happy][Happy]

As profits have soared, the company's valuation has come down, and it appears to be set for another strong year in 2024 as cloud infrastructure companies and others are still rapidly building out their AI infrastructure. This should favor Nvidia.

# AI Companies and Industry DIG

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.

Report

Comment

  • Top
  • Latest
empty
No comments yet