Key Points Nvidia says that its forecast for the next fiscal year is supply-constrained, not demand-constrained. The 70% revenue target is what management believes Nvidia can confidently deliver given current supply chain dynamics. Nvidia stock could move considerably higher over the next year, and its valuation multiples wouldn't even need to expand. 10 stocks we like better than Nvidia › So far this year, Nvidia (NASDAQ: NVDA) stock has put up a solid but unspectacular 17.3% gain. That sounds decent until you remember its performance during earlier innings of the artificial intelligence (AI) revolution, when shares were routinely doubling or tripling in a calendar year.
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