Can you find anyone in the 21st century who hasn’t heard of NVIDIA, the leader in high-performance computing solutions for the most complex tasks? The corporation’s developments have become widespread in the video game industry, professional visualization, crypto mining, and autonomous vehicles.
The latest peak of #NVIDIA shares on the NASDAQ was nearly $1150, and since the beginning of the year, the price has already increased by 130%!
But the extravaganza of generosity for investors doesn’t stop there. Recently, the tech giant announced a 10-to-1 stock split, scheduled for June 10.
Remember, after the previous stock split on July 20, 2021, #NVIDIA’s price rose almost 85% without any pullbacks. And now Wall Street analysts are predicting continued growth, driven by several factors:
Strong financial health: In the first quarter of 2024, Nvidia reported a 262% increase in revenue ($26 billion) compared to the same period last year, exceeding analysts‘ expectations. The announcement also mentioned a 150% increase in dividends, further signaling optimistic growth prospects.
Diversification of product lines: The corporation continues to expand its product range, including processors for gaming systems, professional video, and autonomous vehicles. This helps minimize risks and dependence on specific economic sectors, as well as attract new customers.
Increasing demand in AI and cloud computing: Nvidia is driven to enhance existing technologies and develop new chip designs, leading to revenue growth and higher stock value.
Continuous investment in new developments: The company consistently invests significant funds in researching new technologies, allowing Nvidia to stay ahead of competitors and create products that meet the rapidly changing market demands.
After the 10-to-1 stock split, the price will become much more accessible, attracting new private investors and additional investments.
Thus, based on the company’s strong financial foundation, innovation leadership, and rapid growth in product demand, FreshForex analysts are confident that NVIDIA shares will continue to rise, and the 230% growth in 2023 is far from the limit.
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