Nvidia (NVDA) to Hit $260B in AI Revenue: What it Means for the Stock
There is no denying that the artificial intelligence (AI) market is still dominating Wall Street. The emerging technology has continued to drive increased demand and investment as consumers prepare for the next wave of advancements and products. That could benefit Nvidia (NVDA), as experts project it could see $260 billion in AI revenue in a growth trajectory that could propel the stock. Although AI has been a key driver of investment, there is no bigger AI stock than Nvidia. Throughout last year, the company had increased by as much as 170%. Moreover, that performance had many saying the AI chipmaker could be the first company to reach a $4 trillion market cap. Source: CNBC Also Read: Nvidia (NVDA) ‘Well Positioned’ as Earnings Near, Citi Says Nvidia Targets $260 Billion in AI Revenue as Stock Could Skyrocket In 2024, Nvidia dominated the stock market. It had become the most popular investment option in the most popular sector. Yet, it has thus far failed to live up to the hype it had...