NVDA: HUGE POTENTIAL TO BUY
$NVIDIA Corp(NVDA)$
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.
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