Posted 2/28/2024, 3:17:00 PM
Nvidia Stock Soars 43,000% Since 2000 as AI Leader Reports Strong Earnings and Growth
- Nvidia stock has soared over 43,000% since 2000, turning $5,000 into over $2 million.
- Nvidia reported blowout Q4 2022 earnings, beating estimates and sending the stock up 10%.
- Nvidia is the clear leader in GPUs and AI chips, with over 80-95% market share in key segments.
- Nvidia has a full-stack accelerated computing platform, from hardware to software to services.
- At 66x forward earnings, Nvidia stock may seem expensive but has strong growth prospects, making it a good AI investment.