NVIDIA dominates the data center GPU market, with a reported market share of over 80%. The company has seen significant growth since launching ChatGPT in November 2022, driving demand for AI hardware and pushing its shares up 150% this year. Historical data suggests that NVIDIA tends to perform better in the second half of the year, with a 36% average return during that period. Wall Street analysts remain bullish on the stock, citing its position as a leader in accelerating AI workloads. However, there are concerns that continued strong financial results could lead to high market expectations and potential future disappointments for investors. Despite this, many analysts see NVIDIA as a solid long-term investment, with expected earnings growth of 33% annually over the next few years. The stock may or may not be profitable in the second half of 2024, but its current valuation and market position suggest strong potential for future growth. Investors are advised to consider all factors before making a decision on investing in NVIDIA.
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https://finance.yahoo.com/news/nvidia-stock-150-2024-history-081200424.html
Nvidia’s Soaring Stock: Analysts Predict AI Giant Will Continue Upward Trend in Second Half of 2024 – You Won’t Believe the Projections
