My NVDA Price Prediction for 2024

If you own NVDA read this…


If you own Nvidia (NVDA), Amazon (AMZN), Tesla (TSLA), Google (GOOG), Microsoft (MSFT), or Meta (META)… You're going to want to watch this interview. In it I sat down with two of the market's leading financial experts – Matt McCall and Brett Eversole. Collectively, these men have found 457 different stock winners. They recommended many of these stocks I just mentioned… while they were trading for pennies. But right now, they're issuing a warning about these companies. One that anyone who is currently holding them in their portfolio should review immediately. Just click here to watch now.

P.S. Even if you're not holding any of those tech titans, I would advise you review this presentation before you buy into the ongoing tech rally. Here's why.

NVIDIA Corporation’s (NVDA) stock is up 230% so far this year.

It’s one of the hottest AI/tech plays on the market today.

But can the company continue growing at a similar pace into 2024 and beyond?

I’ll answer that here for you today.

First, here’s a breakdown of what NVDA does to make money:

Graphics Processing Units (GPUs): NVIDIA is best known for its GPUs, which are high-performance hardware used in computers for rendering graphics. These GPUs are popular in a wide range of applications, from video games to professional graphics workstations, and more recently, for research in artificial intelligence (AI).

Gaming: NVIDIA's GeForce product line caters to gamers, offering top-of-the-line performance for PC gaming. They also provide software tools like NVIDIA GameWorks, which offers a suite of tools and technologies for game developers.

Data Centers: Beyond gaming, NVIDIA's GPUs are increasingly used in data centers where they accelerate computing processes, especially those related to AI and machine learning. The company's Tesla and A100 Tensor Core GPUs are examples of products tailored for these tasks.

Professional Visualization: For professionals in design, content creation, and scientific research fields, NVIDIA offers the Quadro series, which provides powerful GPUs that help in rendering complex designs and simulations.

Automotive: NVIDIA is also involved in the automotive industry with its NVIDIA Drive platform. This platform is designed for autonomous vehicles, providing both the hardware (GPUs and SoCs) and software solutions required for self-driving capabilities.

AI and Deep Learning: NVIDIA has positioned itself at the forefront of AI hardware. Their GPUs are optimized for deep learning tasks, and they offer a range of software tools, platforms, and libraries (like CUDA and cuDNN) that allow developers to harness the power of NVIDIA GPUs for AI research and applications.

Networking: With the acquisition of Mellanox, NVIDIA has expanded into the networking space, offering solutions that help in data processing and movement in data centers.

Software and Services: NVIDIA has been expanding its software offerings, including platforms like NVIDIA AI Enterprise and NVIDIA Deep Learning AI, which are designed to optimize the performance of their hardware products.

Now, here’s a breakdown of how each division performed according to NVDA’s latest earnings report:

NVIDIA showcases a robust bullish case with its impressive performance across multiple sectors.

The company reported a Q4 revenue of $3.62 billion in the data center segment, marking an 11% YoY increase, and a record Q4 revenue of $294 million in the automotive sector, a staggering 135% YoY growth.

This growth is attributed to NVIDIA's AI automotive solutions and its widespread adoption by both electric and traditional vehicle manufacturers.

Additionally, strategic collaborations, like the one with Foxconn for autonomous vehicles, and certifications like the safety approval for the NVIDIA Drive OS by TÜV SÜD, highlight the company's forward momentum.

Coupled with healthy financials, including a Q4 GAAP gross margin of 63.3% and a shareholder return of $1.15 billion, and a promising outlook expecting around $6 billion revenue in the next quarter, NVIDIA's prospects look bright, especially considering its dominance in the gaming GPU market.

NVDA growth is impressive and I’m buying the company’s forecast for future growth. That being said, my price target for the next 12 months is $600 per share.

Missed NVIDIA? Don't Miss This ‘Great $2 AI Moonshot' Opportunity


Kicking yourself for missing the AI profits train? Good news! It's far from over… It's time to meet fintech geniuses Andy and Landon Swan who have devised a unique way to sniff out explosive stock moves BEFORE THEY HAPPEN. And that includes what's happening in the wonderful world of Artificial Intelligence. It's happened before. Like when their secret online algorithm pinpointed the potential of NVIDIA in the early days. If you followed their advice, you could have enjoyed an extraordinary 669% profit explosion if you held on. 

A $5,000 investment could have turned into an extraordinary $38,250 in a relatively short time. Now their research suggests we may be staring at an opportunity of this magnitude again. If not even greater. They've identified one under-the-radar AI- based opportunity that is primed to EXPLODE. No, it's not ChatGPT… or Google, Microsoft, or any of the other big names you've heard of. It's a tiny sub-$5 stock! Click here to see how you can get positioned ASAP. Hurry, please. I'd hate for you to miss it.

P.S. The Swan brothers also spotted Celsius Holdings (CELH) before almost anyone else. Result? An extraordinary 1,102% gain. Don't miss the Next Big Thing – especially when we're offering an unbeatable 60-day money-back guarantee.