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Every Nvidia investor should keep an eye on this number | 19.11.24

Every Nvidia investor should keep an eye on this number | 19.11.24

NVIDIA

125.90 CHF 1.39%


Every Nvidia investor should keep an eye on this number | 19.11.24

Purchase/Verkaufen

It’s no secret that Nvidia (NASDAQ: NVDA) has grown tremendously during the ongoing artificial intelligence (AI) boom, leaving customers clamoring for the company’s graphics processing units (GPUs). That has led to rising revenues in Nvidia’s data center segment. In the second quarter of fiscal 2025 ending July 28, total revenue more than doubled year over year to $30 billion, and 88% of that revenue came from the data center group. So it goes without saying that this crucial segment should continue to drive growth. short-term stock. The big question is whether Nvidia stock will gain more room after a massive 187% gain so far this year. And there’s one number in particular that can give investors an idea of ​​what’s going to happen to the stock.Read onRead more about the full article at MotleyFool