Nvidia reports record $30B revenue, 98% data-center GPU market share, and analysts predict further AI market gains.
Nvidia is highlighted as a leading investment choice due to its dominant 98% market share in data-center GPUs and strong performance in the AI sector. The company reported record revenue of $30 billion in the last fiscal quarter, a 122% increase year-over-year, with expectations of continued growth. Despite a substantial stock price increase (837% since last year), analysts predict further gains in the AI market, making Nvidia an attractive option for investors.
October 19, 2024
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