Posted 3/4/2024, 9:32:47 AM
Nvidia Stock Soars Over 250% in a Year, Crosses $2 Trillion Valuation on AI and New Product Momentum
- Nvidia (NVDA) stock price has surged over 249% in one year and 66% year-to-date, crossing $2 trillion market cap
- NVDA market cap now exceeds Amazon and Alphabet
- 38 out of 40 analysts have a Buy rating on NVDA stock
- Analysts cite AI integration, end-market demand, and new products as bullish factors
- Average analyst price target of $886.52 implies 7.75% upside potential over next 12 months