Page 5 - Vidia Stock News Today

Microchip maker Nvidia is now worth $1.7 trillion, or almost as much as Amazon, following a 228% stock surge over the past 12 months.

The company's stock could rise more than 90% over the next two years.

Nvidia traded as high as $666 per share on Friday, with the stock buoyed by optimism over AI expressed in mega-cap earnings this week.

Super Micro Computer stock has soared 585% over the past year, more than double Nvidia's stock price performance of 210% over the same time period.

The S&P 500 and Nvidia stock just reached all-time highs.

Nvidia's stock price is already up 24% in 2024, extending an AI-powered run that's turned the chipmaker into a trillion-dollar company.

The company's stock skyrocketed in 2023, but it still has plenty of room left to run in the new year.

Buffett's latest acquisition, Pilot, made over $55 billion in nine months in 2022, surpassing annual revenues at Starbucks or McDonald's that year.

Wall Street expects these two chip stocks to capitalize on AI adoption along with Nvidia, and they are trading at attractive levels right now.

The company's dominance is unlikely to dissolve even though competition is heating up in the AI chip market.