Where Will Nvidia Be in 1 Year?
Nvidia (NASDAQ: NVDA) stock set the market on fire in 2023 with eye-popping gains of 164% so far this year thanks to the bustling demand for its chips designed specifically for artificial intelligence (AI) servers. The chipmaker was able to deliver outstanding guidance for the second quarter of fiscal 2024 (ending July 31, 2023) when it released its quarterly results last month.
The bad news for investors looking to buy Nvidia stock right now is that it is too expensive. The good news, however, is that shares of the semiconductor bellwether could continue soaring and deliver more upside over the next year for multiple reasons.
Let's see where investors can expect Nvidia stock to be a year from now.
Source Fool.com
