How High Can Nvidia Stock Rally Amid the AI Boom?

Published by

Artificial Intelligence (AI) has been arguably the most popular and at the same time, profitable investing theme in 2023, and the rally in AI stocks helped the Nasdaq Composite ($NASX) log its best first-half performance in four decades. While not a pure-play AI company like (AI), Nvidia (NVDA) is among the biggest beneficiaries of the AI boom, as reflected in its latest earnings report as well as the stock’s price movement. With a YTD gain of over 230%, Nvidia is the best-performing S&P 500 index ($SPX) stock of the year by a fairly wide margin. Meta Platforms (META), which is the secon…

Read More

See also  This video game will make you into a cello virtuoso

Leave a Reply