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Prediction: Nvidia Stock Will Beat the Market. Here's Why.
The scramble to build compute capacity for artificial intelligence (AI) models and training has enriched longtime Nvidia (NASDAQ: NVDA) shareholders. Large tech companies have been sharply increasing capital spending to build data centers and fill them with powerful servers, largely using Nvidia's products.Retail investors and hedge fund managers alike piled into Nvidia shares over the past few years. The stock rocketed more than 400% over the last three years, even with it hovering about 25% off its record-high level.I believe the AI leader will continue to beat the market going forward. Here are some reasons why.Continue reading
The scramble to build compute capacity for artificial intelligence (AI) models and training has enriched longtime Nvidia (NASDAQ: NVDA) shareholders. Large tech companies have been sharply increasing capital spending to build data centers and fill them with powerful servers, largely using Nvidia's products.
Retail investors and hedge fund managers alike piled into Nvidia shares over the past few years. The stock rocketed more than 400% over the last three years, even with it hovering about 25% off its record-high level.
I believe the AI leader will continue to beat the market going forward. Here are some reasons why.
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