Prediction: This Will Be Nvidia's Next Big Move (and It Will Start on March 18)
Nvidia (NASDAQ: NVDA) has wowed investors with many of its moves over the past few years, from introducing game-changing new products into the artificial intelligence (AI) market to earning a spot in the prestigious Dow Jones Industrial Average (DJINDICES: ^DJI).The company elevated its specialty of designing graphics processing units (GPUs) to almost an art form -- these chips started out mainly serving the video games industry, but today power the most advanced AI systems. In fact, Nvidia's chips are known as the best around, and that's why the world's tech giants -- from Amazon to Microsoft -- flock to the company for its latest releases.All of this has resulted in double- and triple-digit revenue growth in recent years, and over the past five years, the stock has soared quadruple digits. In recent weeks, though, this high-flying stock has slipped along with the rest of the market. Investors worry President Trump's trade war with major U.S. trade partners could hurt the economy and corporate earnings.Continue reading
Nvidia (NASDAQ: NVDA) has wowed investors with many of its moves over the past few years, from introducing game-changing new products into the artificial intelligence (AI) market to earning a spot in the prestigious Dow Jones Industrial Average (DJINDICES: ^DJI).
The company elevated its specialty of designing graphics processing units (GPUs) to almost an art form -- these chips started out mainly serving the video games industry, but today power the most advanced AI systems. In fact, Nvidia's chips are known as the best around, and that's why the world's tech giants -- from Amazon to Microsoft -- flock to the company for its latest releases.
All of this has resulted in double- and triple-digit revenue growth in recent years, and over the past five years, the stock has soared quadruple digits. In recent weeks, though, this high-flying stock has slipped along with the rest of the market. Investors worry President Trump's trade war with major U.S. trade partners could hurt the economy and corporate earnings.
