Where Will Nvidia Stock Be in 3 Years?
Nvidia's (NASDAQ: NVDA) artificial intelligence (AI)-fueled rally was put to the test on the stock market on Feb. 21 when it released its results for the fourth quarter of fiscal 2024 (which ended on Jan. 28, 2024). It's safe to say that the semiconductor bellwether passed with flying colors as the demand for its graphics cards and processors remains robust.
The stakes were high as Nvidia's shares have shot up an enormous 240% in the past year, so it needed to convincingly beat Wall Street's expectations and prove that AI is more than just hype. A closer look at the results of other big tech companies leading up to Nvidia's quarterly report indicated that it was well placed to crush analysts' expectations.
Let's see how Nvidia fared last quarter and check how much upside investors can expect from this AI stock over the next three years.
Source Fool.com
