Posted 12/19/2023, 7:14:00 PM
Nvidia Stock Surges on Strong Earnings and AI Innovation
- Nvidia stock in buy zone after finding support at 50-day moving average and rebounding from double bottom base
- Earnings skyrocketed 593% last quarter with sales up 206%; analysts forecast continued strong profit growth
- Expanding push into AI with new NeMo Retriever offering to improve generative AI models
- Technicals look strong with relative strength line approaching new highs
- IBD highlights Royal Caribbean, Snowflake, and Microsoft as other top stocks to buy and watch