NVDA - Nvidia's 1 Killer Advantage Will Produce a Cash Gusher for Shareholders in the Wake of Its 10-for-1 Stock Split According to 1 Wall Street Analyst.
2024-07-02 01:35:12 ET
There's no denying that Nvidia (NASDAQ: NVDA) has been on fire since early last year. The stock has soared more than 750% as of this writing, driven higher by the potential implications of generative artificial intelligence (AI) . The ability to streamline time-consuming tasks and automate routine processes promises to increase productivity and could unleash a wave of greater profits for businesses that adopt this cutting-edge technology.
Nvidia's graphics processing units (GPUs) are the gold standard and provide the computational horsepower necessary for AI processing. This has let loose a tidal wave of demand for the company's high-end processors, sending its business and financial results surging, resulting in its recent 10-for-1 stock split .
While some investors fear the easy money has been made, others believe the best is yet to come. One analyst suggests Nvidia has a killer advantage that will help it stay ahead of the competition and unleash a "cash gusher" that will profit shareholders.
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Nvidia's 1 Killer Advantage Will Produce a "Cash Gusher" for Shareholders in the Wake of Its 10-for-1 Stock Split, According to 1 Wall Street Analyst.