Prediction: Nvidia Stock Will Soar After Nov. 20 for These 3 Simple Reasons

Semiconductor company Nvidia (NASDAQ: NVDA) has become the quintessential artificial intelligence (AI) stock for many investors. Since ChatGPT launched in late 2022, Nvidia shares have surged about 950%, making it the best performing stock in the S&P 500 (SNPINDEX: ^GSPC).On Wednesday, Nov. 20, Nvidia will announce earnings for the third quarter of fiscal 2025, which ended in October 2024. I expect the stock to soar in the days and weeks following the report for three simple reasons. Read on to learn more.Nvidia builds the most coveted graphics processing units (GPUs) in the computing industry, as they have become the gold standard in accelerating artificial intelligence (AI) workloads. Indeed, Nvidia holds over 80% market share in AI accelerators, and Forrester Research recently wrote, "Without Nvidia GPUs, modern AI wouldn't be possible."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool