Nvidia Soars to World's Third-Largest Company Amid AI Boom
April 7, 2024![Nvidia Soars to World's Third-Largest Company Amid AI Boom](https://cdn.brief.news/images/stories/d5ed589e7feb733400ccbc93334f17839a39bd7aa64f6e955a0f19b3516aa0f6bea8a021c6cf800acf4bc01614d2df8f9337a4de61b46f90a88eed41ff1b3f22.jpg)
Nvidia Corporation has become the third-largest company globally due to a 213% surge in its stock over the past year.
The company's pivotal role in AI technology development is driving investor optimism and expectations for significant revenue growth.
Wall Street analysts have a 'Moderate Buy' consensus on Nvidia with an average price target of $908.68.
Despite Nvidia's positive outlook, concerns about the sustainability of AI demand and insider selling by company directors and executives persist.
Analysts recommend close monitoring of Nvidia's performance in the near future to assess the company's continuing growth trajectory.
Summary based on 40 sources
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Sources
![Nvidia Just Bought 5 Artificial Intelligence (AI) Stocks, and 1 Is Up 142% Already](https://cdn.brief.news/images/links/d5ed589e7feb733400ccbc93334f17839a39bd7aa64f6e955a0f19b3516aa0f6bea8a021c6cf800acf4bc01614d2df8f9337a4de61b46f90a88eed41ff1b3f22.jpg)
Yahoo Finance • Apr 6, 2024
Nvidia Just Bought 5 Artificial Intelligence (AI) Stocks, and 1 Is Up 142% Already![Is the AI Hype Real? 3 Artificial Intelligence (AI) Stocks That I Think Will Stand the Test of Time](https://cdn.brief.news/images/links/46f3bd3c6c469326c888cdf17dc1a8cd86ec046510f00f404799e24f022c501b7c587b4d8fc0f64dde463a1d838257e11fb7b6b4536b6d8bb6ffc945ec9192ee.jpg)
Yahoo Finance • Apr 6, 2024
Is the AI Hype Real? 3 Artificial Intelligence (AI) Stocks That I Think Will Stand the Test of Time![The Globe and Mail](https://cdn.brief.news/images/links/703d2881bc4f34350ff9ba1ac80b2fcf0a456e4f45efb4f533f9ce3c0ad8cbc4337879c64c599ff018cc000ef5291a9054ad3038717bdece599bcb4d53f4a449.png)
The Globe and Mail • Apr 5, 2024
The Globe and Mail