"Nvidia's Meteoric Rise: From $2 Trillion Valuation to Bullish Analyst Predictions"

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Source: Yahoo Finance
"Nvidia's Meteoric Rise: From $2 Trillion Valuation to Bullish Analyst Predictions"
Photo: Yahoo Finance
TL;DR Summary

Nvidia's stock has surged 258% in the past year due to the increasing demand for its specialized data center chips, driven by the growth of artificial intelligence applications. The company's data center revenue skyrocketed to $47.5 billion in fiscal 2024, comprising 78% of its total revenue. With the upcoming release of the H200 GPU, which offers faster inference and lower energy consumption, Nvidia's prospects remain strong. Despite its significant growth, the stock may still be undervalued based on forecast earnings, indicating potential for further upward momentum.

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