Nvidia, NVDA
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The world's leading GPU maker is still a solid investment. The post Prediction: Nvidia Will Beat the Market. Here's Why appeared first on The Motley Fool Australia.
Nvidia stock was edging lower on Tuesday, although its recent so-so performance hasn’t stopped investment bank Jefferies from adding the chip maker to its list of highest-conviction picks. Shares slipped 0.
Nvidia (NASDAQ: NVDA) shares recovered nicely after the April market swoon. After a correction that bottomed on April 5, Nvidia shares have rocketed 48% higher. The first stage of the AI wave has been adding massive amounts of computing power to build and train models.
Now, my prediction is that Nvidia's positive momentum may not be over, and the stock will soar in 2025 thanks to one particular number. Let's explore this further. Image source: Getty Images.
Multiple factors have contributed to the stock's rise in recent weeks, such as significant analyst upgrades and the announcement of a $20 billion partnership
Currently, Microsoft holds the title, but after May 28, I think Nvidia (NASDAQ: NVDA) will take it over. Not long ago, Nvidia wasn't even a $1 trillion company, but the massive demand for its best-in-class graphics processing units (GPUs) propelled the stock to new heights.
Jefferies has added Nvidia to its roster of “Franchise Picks,” a group its analysts describe as “our highest-conviction, buy-rated stocks.”
Nvidia reported its fiscal first-quarter results after Wednesday’s closing bell. Investors are focused on the company's ability to withstand restrictions on its China business, as well as Nvidia’s overall trajectory with its new Blackwell lineup.
Nvidia’s momentum exceeds expectations with 50% YoY growth guidance despite tariffs and new AI chips. Find out why NVDA stock is a strong buy.