You are viewing a single comment's thread from:

RE: LeoThread 2024-06-19 14:10

in LeoFinance • last year

1/🧵 Nvidia's Stock Surge: In 2023, Nvidia's stock price skyrocketed by 240%, outpacing even Bitcoin's growth. The company's market cap surpassed tech giants Apple and Microsoft, reflecting its dominance in the AI chip market. #threadstorm #nvidia #inleo

Sort:  

2/🧵 Economic Fundamentals: Unlike speculative bubbles, Nvidia's rise is backed by solid demand for AI technology. With a P/E ratio of 10.3, it's clear that Nvidia's earnings justify its stock price, unlike the higher ratios of Microsoft (38.5) and Apple (33).

3/🧵 Tech Industry Impact: Nvidia's leadership in AI positions it for continued growth. While the stock market is unpredictable, Nvidia's strong business foundation suggests confidence in its future, setting it apart from speculative investments like Bitcoin.
https://inleo.io/@opheliaa/nvidias-stock-surge-jyd