Nvidia Stock Surges As AI Dominance Fuels Long-Term Bull Run: Gene Munster Waves Green Flag
Portfolio Pulse from Surbhi Jain
Nvidia Corp (NASDAQ:NVDA) has seen a significant stock surge, up 179.86% year-to-date, driven by its dominance in AI chips. Gene Munster of Deepwater Asset Management remains bullish, suggesting Nvidia's stock has more room to grow as AI becomes increasingly integral to technology. Technical indicators support this bullish outlook, with Nvidia trading above key moving averages and showing strong momentum.
October 11, 2024 | 2:46 pm
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Nvidia's stock has surged significantly due to its leadership in AI chips, with Gene Munster predicting further growth. Technical indicators show strong bullish momentum, suggesting continued upward movement.
Nvidia's stock has increased by 179.86% YTD, driven by its dominance in AI chips. Gene Munster's bullish outlook and strong technical indicators, such as trading above key moving averages and a positive MACD, suggest continued growth. The AI sector's expansion further supports Nvidia's potential for a multi-year bull run.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100