Will Nvidia Stock Recover in 2023?
Nvidia (NASDAQ: NVDA) had a rough outing in 2022. The graphics chip specialist experienced slowing demand as uncertainty about the economy increased during the year, which sent the stock price down 41%.
However, as the world continues to invest in artificial intelligence and advanced computing applications, Nvidia is not done growing by a long shot. Management sees a $400 billion addressable market in selling chips to data centers and gaming enthusiasts.
For the stock to rebound in the near term, investors will be looking for more stable revenue performance. There are a few reasons to be optimistic about a turnaround.
Source Fool.com
