Nvidia Stock Soars on Booming AI Business
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Nvidia (NVDA) stock has tripled in 2023 and recently posted blowout Q4 earnings driven by AI and accelerated computing momentum.
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NVDA revenues have grown 9x over 6 years to $60.9B. Earnings grew 18x to $29.8B as margins expanded.
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Wall Street forecasts 100B+ revenue and $64B profit for NVDA in 2025, providing compelling reasons to invest given early generative AI growth.
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Despite nearing $1,000, NVDA trades at attractive forward P/E of 36.9x, presenting buying opportunity given dominant 80% AI chip market share.
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With GTC conference ahead and as an AI frontrunner, NVDA is poised to soar further, underscoring its long-term growth potential.