Posted 12/16/2023, 4:00:00 PM
Nvidia Soars Over 200% on Booming AI and Data Center Demand
- Nvidia stock price has surged over 200% in 2023 due to high demand for its AI and data center chips
- Revenue and profits have skyrocketed in recent quarters, especially for data center products
- Massive growth opportunities exist in AI, data centers, networking, and software
- Valuation is very high right now based on price-to-sales ratio
- $1,000 per share in 2024 seems unlikely, but strong growth to around $800 is achievable