Nvidia Stock Is Up Over 233% In The Past Year And Tech Bulls Say It Could Go Even Higher From Here: '…You'll See The Stock Double Over The Next Several Years'
Portfolio Pulse from Anan Ashraf
Nvidia's stock has surged over 233% in the past year, reaching a market cap of over $3 trillion. Experts predict further growth, with some expecting the stock to double in the coming years due to strong demand for GPU chips and AI investments. Analysts have set various price targets, with Bofa Securities raising theirs to $190. ETFs tracking Nvidia, such as NVDL and NVDU, have also seen significant gains.
October 20, 2024 | 5:22 am
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Nvidia's stock has increased over 233% in the past year, with experts predicting further growth due to strong GPU demand and AI investments. Analysts have set price targets up to $190.
Nvidia's stock has shown significant growth due to strong demand for its GPU chips and AI investments. Analysts and experts are optimistic about its future performance, with price targets indicating potential for further gains.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
GraniteShares 2x Long NVDA Daily ETF (NVDL) has delivered gains of at least 440% over the past year, reflecting Nvidia's strong stock performance.
NVDL, an ETF tracking Nvidia, has seen substantial gains due to Nvidia's stock performance. As Nvidia's stock is expected to continue rising, NVDL may also benefit.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Direxion Daily NVDA Bull 2X Shares (NVDU) has seen gains of at least 440% over the past year, driven by Nvidia's stock surge.
NVDU, another ETF tracking Nvidia, has experienced significant gains due to Nvidia's stock performance. Continued growth in Nvidia's stock could further benefit NVDU.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80