How High Can Nvidia Stock Go?
Nvidia's (NASDAQ: NVDA) latest quarterly results proved that artificial intelligence (AI) is more than just hype. Healthy AI-driven demand explains why Nvidia expects its revenue for the second quarter of fiscal 2024 to jump a whopping 64% year over year to $11 billion. It is also worth noting that Nvidia's revenue guidance for the current quarter is miles ahead of the $7.2 billion consensus estimate.