NVIDIA Corp (NVDA)

$106.21 1.79 (1.66%)
16:00 EDT NVDA Stock Quote Delayed 30 Minutes

Nvidia Might Beat the Market in 2020, But Won’t Match 2019

While it’s unlikely that Nvidia will deliver 74% appreciation in 2020, I do think Hoy’s right that it ought to outperform the markets in the year ahead. By how much is the million-dollar question.

Nvidia Stock has Ample Triggers to Take the Shares Higher

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Market Cap 66.17B
PE Ratio 6.95
EPS 15.28
Volume (Avg. Vol.) 372.65M
Day's Range $104.12 - $113.27
52-Week Range $39.23 - $195.95
Dividend & Yield $0.16 (0.15%)

Nvidia is best known these days for its role in the artificial intelligence (AI) boom, courtesy of its graphics processing units (GPUs). These chips, which help render computer visuals, initially made Nvidia popular with video game fans in 1999. However, GPUs are the computer chips best capable of processing large quantities of data and completing behind-the-scenes computations. In recent years, this made Nvidia first a key player in crypto mining and now in generative artificial intelligence. CEO Jensen Huang has teased that there’s much more to come with AI, including Nvidia’s new Blackwell chip at the end of 2024.