Nvidia's stock is up 200% this year. Why analysts say it still screams ‘buy.
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Nvidia's stock has surged 200% this year, yet analysts continue to recommend it as a 'buy'. One analyst has made Nvidia his top large-cap chip pick, and another compares Nvidia's current market position to Apple's during the early iPhone era.
November 11, 2024 | 2:30 pm
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Nvidia's stock has increased by 200% this year, and analysts are still recommending it as a 'buy'. One analyst has made it his top large-cap chip pick, and another compares its market position to Apple's during the early iPhone era.
The article highlights strong analyst support for Nvidia, despite its significant stock price increase this year. The comparison to Apple's early iPhone days suggests potential for continued growth, which is likely to positively impact Nvidia's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100