Posted 2/29/2024, 2:22:35 AM
Nvidia's AI and Data Center Leadership Fuels Massive Growth, Analysts See More Upside Ahead
- Nvidia stock has seen massive growth due to its leadership in AI and data centers, justifying its high valuation
- Revenue and profits have grown very quickly recently, over 200% year-over-year
- Growth is expected to continue but likely slow from current breakneck pace
- The stock remains attractively valued despite huge gains, with a forward P/E of 33x
- Most analysts rate the stock as a Buy, with potential for further upside of 13-50%