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08.11.2024 10:53:00

Prediction: Nvidia Stock Is Going to Soar After Nov. 20

Nvidia (NASDAQ: NVDA) was a $360 billion company at the start of 2023. In less than two years, its market capitalization ballooned to $3.5 trillion. Its ability to turn artificial intelligence (AI) into piles of cash is the driving force behind that incredible growth.Nvidia's graphics processing units (GPUs) for data centers are the most popular in the world for developing AI, and demand continues to outstrip supply. That propelled the company's revenue to triple-digit percentage growth in each of the last five quarters.On Nov. 20, Nvidia will release a fresh batch of financial results for its fiscal 2025 third quarter (ended Oct. 31), and if past quarters are any indication, it could be an absolute blowout. Here's how I predict the stock will react once the results are announced.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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NOV Inc Registered Shs 10,95 0,14% NOV Inc Registered Shs
NVIDIA Corp. 156,38 1,80% NVIDIA Corp.