As a result, Nvidia's revenue has exploded higher in recent years. For example, in the latest quarter, revenue came in at a record of more than $35 billion -- higher than a full year of revenue just two years ago. Importantly, the company is also highly profitable on sales, with a gross margin of more than 70% in recent quarters.
In December 2023, I discussed the reasons shares of Nvidia could double in 2024. These included the robust demand for its graphics processing units (GPUs) for AI model training and inference, and the steps being taken by its manufacturing partner, Taiwan Semiconductor Manufacturing (NYSE: TSM), to ramp up supply.
Retail traders sent almost $30 billion into Nvidia shares this year on balance, according to Vanda Research. It's the latest honor for the megacap tech stock, which has shown leadership within artificial intelligence that has dazzled both Wall Street and Main Street.
Newly minted highs of nearly $85 per share will be far in the rearview mirror as Palantir strikes its way towards a price target of $100 and then $125. All thanks to Wall Steet’s shift to being buyers of the stock. As always, the simplest trade here is a buy and hold strategy.
Groq, Positron, and SambaNova aim to leverage evolving AI workloads in 2025 to challenge Nvidia's leadership in the market.
Nvidia’s RTX 4080 launched with a $1,200 price tag, and many thought that to be too much. The Super variant fixed that problem, pushing the price down to $1,000. Could Nvidia then turn around and bring it back up to $1,200 to $1,500 for the RTX 5080? I hope not. We’ll find out more on January 6 when Nvidia officially announces the graphics card.
Nvidia (NASDAQ: NVDA) had two phenomenal years in the market, and I doubt that it will be able to repeat its performance in 2025. Although there are numerous reasons, I've come up with three solid ones that convinced me to pick up some Nvidia shares before 2025 arrives.
Both stocks have had strong runs in 2024. Let's consider which semiconductor looks like the better buy heading into 2025.
Related: Ongoing problem may be costing Nvidia customers. For more from Sarge and some of the other brightest minds on Wall Street, visit TheStreet Pro and take advantage of our B
A PC gamer makes a timely find at their local Walmart, as an outgoing Nvidia RTX graphics card was marked down ahead of the next GPU generation.
Apple and NVIDIA have never had the best relationship in the tech industry. A new report explains the background on the matter.
Jensen Huang is scheduled to deliver an opening keynote, which is sure to be packed with some interesting announcements.