1 Stock-Split Artificial Intelligence (AI) Stock to Buy Before It Soars 285%, According to Certain Wall Street Experts
Last week, Nvidia (NASDAQ: NVDA) reported solid financial results for the second quarter, but the stock has now tumbled 20% from its high. The drawdown was fueled by concerns about the sustainability of the artificial intelligence (AI) boom and the delayed launch of Blackwell, Nvidia's next generation of data center chips.
That represents a dramatic change in market sentiment for the semiconductor company. Only three months ago, Nvidia announced a 10-for-1 stock split alongside phenomenal first-quarter financial results, and that news caused shares to surge 20% during the following week.
But Nvidia is still on pace to be a $10 trillion company by 2030, according to Beth Kendig, lead technology analyst at the I/O Fund. She remains upbeat about Blackwell and expects an upward revision in the consensus earnings estimate for the next fiscal year. "Early next year will be fireworks again for Nvidia, and we will be on track for that $10 trillion," she told Yahoo Finance.
Source Fool.com
