Where Will Nvidia Stock Be in 3 Years?
Long-term investing is the key to sustainable returns in the stock market because it smooths out short-term volatility to let a company's fundamentals shine through. Nvidia (NASDAQ: NVDA) investors know this better than most. If they managed to hold through the ups and downs, they would have a return of almost 800% over the last three years.That said, generative artificial intelligence (AI) is no longer a brand-new industry that can maintain itself off of hype. Costs will need to fall, and consumer-facing AI software companies will need to develop more-compelling monetization strategies. Let's explore what the near future might hold for Nvidia and this burgeoning industry as a whole.The market reacted well to Nvidia's first-quarter earnings (shares are up 7% since they were released on May 28). But the results were a mix of good and bad news. Revenue jumped 69% year over year to $44.1 billion, but this is a sharp deceleration from the corresponding period last year when sales grew by 262%.Continue reading
Long-term investing is the key to sustainable returns in the stock market because it smooths out short-term volatility to let a company's fundamentals shine through. Nvidia (NASDAQ: NVDA) investors know this better than most. If they managed to hold through the ups and downs, they would have a return of almost 800% over the last three years.
That said, generative artificial intelligence (AI) is no longer a brand-new industry that can maintain itself off of hype. Costs will need to fall, and consumer-facing AI software companies will need to develop more-compelling monetization strategies. Let's explore what the near future might hold for Nvidia and this burgeoning industry as a whole.
The market reacted well to Nvidia's first-quarter earnings (shares are up 7% since they were released on May 28). But the results were a mix of good and bad news. Revenue jumped 69% year over year to $44.1 billion, but this is a sharp deceleration from the corresponding period last year when sales grew by 262%.
