2024-07-18 09:01:31 ET
Summary
- Nvidia can continue to rally higher despite it's impressive run.
- The company's CUDA software could be a key factor in its continued success.
- Nvidia's data center opportunity is significant and could be underestimated by the market.
When I wrote my first article on Nvidia Corporation ( NVDA ) more than a year ago, the stock had a hold rating among Seeking Alpha analysts with valuation being the major driver of that rating. More than 200% later, the stock is still a hold among analysts, with 11 rating it at least a buy and 24 rating a hold or less as of the time of writing. Again, the bear case seems to revolve around the lofty growth prospects for the company. While the tripling of the stock in just over the past year should mean the hold rating is more accurate now than it was then, this article will discuss why Nvidia might still have more upside. ...
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Here Is Why Nvidia Still Has More Upside