NVIDIA has been the most notable company of 2023 and now by all measures it appears the same will be said for 2024.
In 2023, NVIDIA experienced a significant surge in growth due to the widespread adoption and expansion of artificial intelligence both in the United States and globally.
While NVIDIA engages in various activities, its recent remarkable growth is primarily attributed to the increasing demand for its semiconductor chips. The company produces a distinctive chip that is in high demand, and its main challenge has been to keep up with this demand by ensuring an adequate supply.
In this video, Ed Butowsky provides an in-depth analysis of NVIDIA by examining its financial performance and stock market trends.
Moreover, Ed will delve into the broader topic of artificial intelligence and offer insights for investors who are considering investment opportunities in companies like NVIDIA and others.
Summary:
- Analysts’ target prices for NVIDIA are all over the map with some viewing the company as overpriced and others viewing it with much room to go. Looking at the future earnings growth rate, the argument can be made that there is still room left to grow.
- Ed Butowsky believes artificial intelligence is going to be similar to nano-tech, which means rather than becoming entirely based on AI, it will simply become part of a business.
- NVIDIA appears to be one of the few “pure” AI plays out there, and its impact on the Nikkei 225, Japanese stock market tracker, S&P 500, and NASDAQ.
Thank you for reading this week’s “Making Sense with Ed Butowsky” article. To view the rest of Ed’s articles, you can click here or you can also check out Ed’s personal website to learn more about him.
For more information, email Jordan McFarland at jordan@chapwoodinvestments.com.
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