Prediction: Nvidia Stock Will Soar This Year (and It May Start After March 18)
Nvidia (NASDAQ: NVDA) stock has been a major winner for investors during the artificial intelligence (AI) boom. This AI chip leader saw its shares surge a mind-blowing 2,000% over the past five years. This is thanks to demand for the company's graphics processing units (GPUs) -- the chips powering key AI tasks like training and inferencing. But it's also due to Nvidia's expansion beyond the GPU to offer an entire portfolio of related products and services, making the company the go-to destination for anything AI.In recent times, though, the stock, along with the general market, has been in the doldrums. This month, the Nasdaq and the S&P 500 entered correction territory, falling 10% from their most recent highs, as investors worried about the impact President Trump's tariffs on imports would have on the economy and corporate earnings. Nvidia has slipped about 12% over the past month.But I don't think Nvidia will suffer for very long. In fact, I predict Nvidia stock will soar this year -- and the positive momentum may start after March 18. Let's find out more.Continue reading
Nvidia (NASDAQ: NVDA) stock has been a major winner for investors during the artificial intelligence (AI) boom. This AI chip leader saw its shares surge a mind-blowing 2,000% over the past five years. This is thanks to demand for the company's graphics processing units (GPUs) -- the chips powering key AI tasks like training and inferencing. But it's also due to Nvidia's expansion beyond the GPU to offer an entire portfolio of related products and services, making the company the go-to destination for anything AI.
In recent times, though, the stock, along with the general market, has been in the doldrums. This month, the Nasdaq and the S&P 500 entered correction territory, falling 10% from their most recent highs, as investors worried about the impact President Trump's tariffs on imports would have on the economy and corporate earnings. Nvidia has slipped about 12% over the past month.
But I don't think Nvidia will suffer for very long. In fact, I predict Nvidia stock will soar this year -- and the positive momentum may start after March 18. Let's find out more.
