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Why Nvidia Stock Will Dominate in Artificial Intelligence (AI)

Nvidia's revenue grew by more than 100% in its most recently completed fiscal year, while earnings per share rose by nearly 600%.

By Parkev Tatevosian, CFA – Jul 16, 2024 at 10:01AM EST

Fool.com contributor Parkev Tatevosian discusses why Nvidia (NVDA +0.87%) will continue thriving in the artificial intelligence market beyond this year.

*Stock prices used were the afternoon prices of July 13, 2024. The video was published on July 15, 2024.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Nvidia Stock Quote
Nvidia
NASDAQ: NVDA
$177.28
(+0.87%)+$1.53

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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