3 Nvidia Stock Predictions for 2023
For years, it seemed Nvidia (NASDAQ: NVDA) was unstoppable. In fact, in the decade leading up to November 2021, the company grew its revenue by 645%, which in turn drove its stock up more than 8,000%. Then came the economic storm of supply chain disruptions, high inflation, rising interest rates, and the bear market. As a result, Nvidia shares experienced their worst decline in more than 10 years, plunging 53% from their peak.
Yet based on the available evidence, there are great things to come for the semiconductor specialist. Here are three predictions about what to expect from Nvidia in 2023.
NVIDIA Drive Orin System-on-a-Chip. Image source: Nvidia.
Source Fool.com
