NVDA - Nvidia Stock Is Still A Gift At $130
2024-07-16 09:48:38 ET
Summary
- Explosive growth in the AI industry led to a massive rally for Nvidia Corporation stock, which continues to perform well post-stock split.
- Investors are underestimating Nvidia's sales potential in the data center segment, poised to exploit accelerating growth in the AI market.
- Nvidia's AI capabilities, including Generative AI, position it at the forefront of the AI revolution, with potential for substantial sales growth and multiple expansion.
Explosive growth from the artificial intelligence industry triggered a massive rally for Nvidia Corporation ( NVDA ) in the last year. The stock has done well even after a ten-for-one stock split and some investor concerns about the sustainability of Nvidia’s growth path.
Considering the mind-blowing momentum in Nvidia’s main business, data center, I think investors are still underestimating Nvidia’s sales potential, particularly as the expansion of the data center market and the AI cluster upscaling opportunity are concerned....
Nvidia Stock Is Still A Gift At $130