NVDA - How Nvidia Could Help Alphabet Amazon and Microsoft Stocks Soar Even More

2024-06-10 04:35:00 ET

It's been a great time to own shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) , Amazon (NASDAQ: AMZN) , and Microsoft (NASDAQ: MSFT) . All three stocks delivered strong gains last year and are up by double-digit percentages so far in 2024.

But it's been a spectacular time to own shares of Nvidia (NASDAQ: NVDA) . The chip stock skyrocketed nearly 240% in 2023 and has vaulted more than 140% higher year to date.

You've probably heard the adage that "success begets success." I think we'll see this proved in a convincing manner, with one company's success translating to success for others. Here's how Nvidia could help Alphabet, Amazon, and Microsoft stocks soar even more.

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