NVDA - Nvidia's Stock Is Up 160% in 2024 but Is It a Bubble Waiting to Pop?
2024-07-01 09:02:00 ET
If you've been keeping up with the tech industry, you've witnessed artificial intelligence (AI) go from a niche topic to the hottest theme in business. It's almost inescapable at this point. Many businesses have benefited from the AI boom, but maybe none more so than Nvidia (NASDAQ: NVDA) .
The chipmaker's stock is up by more than 160% this year alone, continuing a rally that has seen its stock price increase by more than 760% in the past year and a half. It even briefly took the title of the "world's most valuable public company," passing tech titans Microsoft and Apple .
Nvidia's run has been remarkable, there's no doubt. However, with so many investors rushing to buy the stock, others are wondering whether the hype has pushed it into bubble territory .
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Nvidia's Stock Is Up 160% in 2024, but Is It a Bubble Waiting to Pop?