Should You Buy Nvidia Stock Now or Wait for a Dip?
Nvidia (NASDAQ: NVDA) has been a growth machine recently. Revenue and profits are through the roof. The chipmaker has become synonymous with artificial intelligence (AI). Its high-powered chips are in heavy demand to power those AI's computationally intensive systems, and they have become crucial for many companies. The downside for investors may be that the stock has already generated such impressive returns that it may be too late to benefit much from the growth.
The stock is up more than 220% over the past year and the company's market cap now tops $2 trillion. Some investors now wonder if they would be better off waiting for a dip in Nvidia's stock price. Or should they add shares now anyway?
As expensive as Nvidia's stock is, the sheer potential in AI suggests investors should remain bullish on it as an investment. The technology is still in its early stages, and companies are just beginning to develop AI models. According to a recent forecast from , the global market for AI chips will soar to $119.4 billion by 2027, which is more than double what it was worth in 2023.
Source Fool.com
Gartner Inc. Stock
Gartner Inc. is currently one of the favorites of our community with 7 Buy predictions and no Sell predictions.
As a result the target price of 460 € shows a slightly positive potential of 11.03% compared to the current price of 414.3 € for Gartner Inc..
