In 2023, NVIDIA stock was trading at $146.14. Today, NVIDIA is trading at $467.18, up over 200% YTD. NVIDIA's projected year-end 2023 price target is $762, a change of +421% YTD. Year-to-date growth: +66%.
NVIDIA stock is expected to top $1,100 in the first half of 2024 and reach $1,407 in the second half, up +206% from today's price.
NVIDIA (NVDA) is one of the largest technology companies, with divisions that are leaders in many industries. The company's activities include the development of graphics processors, gaming software, professional visualization software, systems-on-chip for mobile computing and the automotive market, as well as developments in artificial intelligence and machine learning, networking solutions, cloud computing, etc. Also, NVIDIA is a key supplier of media and communication processors used in artificial intelligence technologies. Nvidia's shares are listed on the NASDAQ stock exchange.
It is worth noting that NVIDIA shares are included in the investment portfolios of many large corporations and individual investors. This high demand for technology stocks has been fueled by the rapid development of innovative technologies.
If you want to learn more about the prospects of NVIDIA stock, you could check the article published on Traders Union's website, where Union's analysts have compiled comprehensive information on NVIDIA stock (NVDA) and prepared a series of forecasts for 2023, 2025, and 2030. There is also information on the company's financial statements, multiples, short-, medium-, and long-term price forecasts, an analytical assessment of the stock's prospects, investment ideas, and a lot of other useful information.
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