1/7/2024, 6:20:03 pm

Can Nvidia Stock Cross $1,000 Again After the Stock Split?

Nvidia's stock has surged 500% in three years, driven by its position in the artificial intelligence (AI) wave. The company offers a full-stack AI platform and has a 90% share of the global AI chip market. However, competition from Advanced Micro Devices and Intel is increasing, and supply constraints are a concern. Despite this, analysts expect Nvidia's sales to triple to $380.9 billion by 2034.