Nvidia's rapid rise hits ‘bumps in the road' [Yahoo! Finance]
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NVIDIA Corporation (NVDA)
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Source: Yahoo! Finance
While the chipmaker's volatility has sparked some concerns about the sustainability of the stock market's artificial intelligence (AI) boom , experts say Nvidia's ups and downs are “bumps in the road” as it continues its meteoric rise. “The godfather of AI, Jensen [Huang], and Nvidia are leading the AI revolution, and I view this recent sell-off as a blip on the radar,” Wedbush Securities analyst Dan Ives told The Hill, referring to the company's co-founder and CEO. Nvidia crossed the $3 trillion mark for the first time in early June, joining the elite club inhabited by only Microsoft and Apple. Less than two weeks later, the chipmaker briefly overtook Microsoft as the world's most valuable company. The milestones reflect the rapid ascent of Nvidia, which first crossed $1 trillion just over a year ago. By February, the company had topped $2 trillion. Since the beginning of the year, its share price climb more than 150 percent. Nvidia's success has largely been driven by its g
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NVDA
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- 2/21/24 - Beat
NVDA
Sec Filings
- 7/5/24 - Form 144
- 7/5/24 - Form 4
- 7/3/24 - Form 144
- NVDA's page on the SEC website