NVIDIA Stock Closes Above $4 Trillion Milestone for 1st Time
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Nvidia, Market Cap
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Even with growth going strong and the future looking bright, investors might wonder if buying Nvidia now, at a new high, is a good idea. The stock trades for 35 times forward earnings estimates, higher than a few weeks ago, but lower than a peak of more than 50 just a few months ago.
To me, Nvidia may have put AMD in a checkmate position for the time being. I think these figures reported could imply that Nvidia will remain the leader in AI data center chips and could be on its way to a new, prolonged, and sustained wave of growth.
Nvidia stock trades at $164.10 after hitting a $4 trillion market cap. Analysts eye AI growth and China talks as next catalysts.
Nvidia (NASDAQ: NVDA) stock has skyrocketed over the past few years, advancing an eye-popping 800% over three years, thanks to the company's role in the artificial intelligence (AI) boom.