Why NVIDIA Stock Has Exploded 65% Higher This Year
Shares of graphics chip company NVIDIA (NASDAQ: NVDA) have soared 65% year to date, according to data provided by S&P Global Market Intelligence. This gain is on top of a 224% rise in 2016; it continues an explosive run driven by strong results in the core gaming business, as well as rapid adoption of the company's products for both artificial intelligence workload acceleration and the development of self-driving cars.
NVIDIA stock was relatively flat through early May, with big fluctuations but no clear direction. The company's first-quarter earnings report was enough to knock the stock out of its lull, sending it dramatically higher in the following months:
Source: Fool.com
NVIDIA Corp. Stock
€869.60
2.970%
Our community is currently high on NVIDIA Corp. with 129 Buy predictions and 6 Sell predictions.
With a target price of 921 € there is a slightly positive potential of 5.91% for NVIDIA Corp. compared to the current price of 869.6 €.
