Posted 4/10/2024, 7:16:04 AM
Nvidia Stock Surges Over 200% in 2020 as AI Boom Fuels Growth
- Nvidia (NVDA) stock is up over 210% in the past year and 72% year-to-date
- Analyst Joseph Moore sees NVDA as the best investment to ride the AI wave and has a $1,000 price target (17% upside)
- NVDA CEO said AI adoption has reached an inflection point; company well-positioned to benefit
- Moore expects strong NVDA growth from data center expansion and hyperscalers
- NVDA strategically pricing latest AI chips to increase market appeal and penetration