Is Nvidia stock still a good buy? | 2024-04-05 | Investing News

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  • Nvidia’s GPU renders at about 50x to 100x faster than CPU rendering
  • Nvidia stock (NDAQ:NVDA) soared 239 per cent in 2023 as its GPU became the gold standard for AI developers
  • Nasdaq.com states that among the 39 analysts covering the Nvidia shares story, 34 recommend “strong buy”
  • Free cash flow is up 430% in the last year to US$27B

The top performing stock on S&P 500 as well as in the “Magnificent Seven,” Nvidia (NDAQ:NVDA) took the S&P 500 by storm in 2023, gaining 239 per cent. Nvidia pioneered GPU (graphics processing unit)-accelerated computing in 1999 and is now embedded in the next era of technology and computing with the adoption and acceleration of AI.

In 2023, Nvidia soared 239 per cent as its GPU became the gold standard for artificial intelligence developers.

In March, Nvidia released its GB200 Grace Blackwell Superchip, which…

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