NVDA - Is Nvidia Heading to $200 in the 2nd Half?
2024-07-21 05:08:00 ET
Nvidia (NASDAQ: NVDA) stock soared more than 500% over the past three years, prompting investors to wonder if it would be ripe for a slowdown 2024. But enthusiasm about this artificial intelligence (AI) chip leader continued, and the stock surged nearly 150% in the first half. This is as the company reported triple-digit gains in earnings and prepared for the launch of a whole new architecture, known as Blackwell, later this year.
Meanwhile, to make this high-flying stock more accessible to a broader range of investors, Nvidia completed a 10-for-1 stock split a few weeks ago. This brought the per-share price down from more than $1,000 to about $120. Now, as the second half of the year starts to unfold, investors are wondering if the stock performance slowdown some anticipated will happen -- or if this top stock will continue to roar higher and even reach $200. Is Nvidia heading to $200 in the second half? Let's find out.
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Is Nvidia Heading to $200 in the 2nd Half?