2024-05-06 07:10:00 ET
Nvidia (NASDAQ: NVDA) has been one of the hottest stocks on the market this year. Even if it has experienced some highs and lows during that period, it's still up an impressive 80% for far in 2024.
But that's past performance, and investors want to know where Nvidia is headed to from here. However, predicting where a stock is going in two or three months can be tricky and can be affected by external events like the Federal Reserve's interest rate policy.
So instead, let's focus on where Nvidia may be in five years, taking a long-term view that focuses on how the business executes rather than short-term market sentiment.
For further details see:
Where Will Nvidia's Stock Be in 5 Years?