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2 Reasons to Be Bullish About Nvidia in 2024

TheMotleyFool

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Chipmaker Nvidia (NASDAQ: NVDA) just completed one of its best years since its founding almost 30 years ago. Increased interest in artificial intelligence (AI) sent demand for graphics processing units (GPUs) soaring, and its hardware dominated the AI market. As a result, the tech giant's stock rose nearly 240% in 2023.

Nvidia is starting the new year with a majority market share in AI chips, one of the world's fastest-growing and most lucrative industries. Despite its meteoric rise over the last 12 months, the chipmaker has shown no signs of slowing and continues to be an attractive investment.

So here are two reasons to be bullish about Nvidia in 2024.

Source Fool.com

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