Nvidia's Rollercoaster Ride – How A 68% Plunge Turned Into A 529% Triumph As The Tech Giant Makes An Unprecedented Recovery!
Portfolio Pulse from Zaheer Anwari
Nvidia experienced a significant downturn from November 2021 to October 2022 with a 68% decline but rebounded with a 529% increase due to demand in AI and gaming. Its market cap reached $1.8 trillion, establishing it as a major global player. The anticipated Q4 earnings are $4.53 per share, up from last year's $0.88, reflecting investor confidence in Nvidia's future. The stock surged 47% this year, adding to a 234% increase in 2023, and closed at $726.13 after the latest trading session.
February 20, 2024 | 7:20 pm
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POSITIVE IMPACT
Nvidia's stock rebounded from a 68% decline to a 529% increase due to AI and gaming demand, with a market cap of $1.8 trillion. Q4 earnings are expected to be $4.53 per share, significantly up from the previous year.
The significant rebound in Nvidia's stock price, driven by increased demand in AI and gaming, along with the anticipation of strong Q4 earnings, suggests a positive short-term impact. The company's substantial market cap and the investor confidence reflected in the stock's performance further support a bullish outlook.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100