Where Will Nvidia Stock Be in 1 Year?
It's no secret that excitement surrounding artificial intelligence (AI) has helped propel technology stocks, and the entire market, to new highs over the last year. It's also no secret that semiconductor stock Nvidia (NASDAQ: NVDA) has witnessed unparalleled buying activity -- so much so, that it's now the third most valuable company in the world as measured by market cap.
But with shares soaring 140% so far in 2024 and 160% over the last 12 months, could Nvidia stock possibly be headed even higher?
Below, I'll explore some factors that could support the ideas of Nvidia stock moving both higher or lower over the next year. Let's dig into the full picture and assess what could influence Nvidia's price action. I'll make my final case for where I see Nvidia stock landing one year from now.
Source Fool.com
