Posted 10/18/2023, 9:15:00 AM
Nvidia Soars 215% This Year as AI Boom Fuels Huge Growth
- Nvidia stock has soared 215% this year due to AI potential, best of the "Magnificent Seven" stocks
- Nvidia's chips are key for AI due to parallel processing capabilities
- Revenue and earnings soared over 100% last quarter as AI adoption accelerates
- Huge AI market opportunity seen, with estimates of $6-7 trillion by 2030
- Wall Street overwhelmingly bullish on Nvidia, with 50 buys/strong buys and $634 average price target
