9/6/2023 0 Comments Nvda stock prediction 2019![]() For this reason, some have speculated that Nvidia can regain some of the crypto-mining revenue it lost last year after bitcoin crashed. Moreover, bitcoin continues to recover, and it has moved above $9,000. And since NVDA still obtains more revenue from gaming than from any other vertical market, the new GPUs could meaningfully impact Nvidia stock. Bret Kenwell, pointed out, Nvidia’s release of its line of SUPER series GPUs will keep it ahead in this market, assuming that the reports about the upcoming GPUs prove to be true. However, as another InvestorPlace columnist. AMD may have released GPUs that will enable it to compete for the higher ranges of the gaming market. It remains ahead of AMD (NASDAQ: AMD) due to its continued innovation. The Nvidia stock price remains near $150 per share as the trade war and the chip glut weigh on the stock.ĭespite this stagnation, NVDA’s outlook appears to be positive. Nvidia’s situation has not changed significantly since my last article on Nvidia stock. NVDA Maintains Its lead in Graphics Processing Units (GPUs) As a result, without a meaningful catalyst, Nvidia stock will generate neither excitement nor significant gains. ![]() Unfortunately, external concerns have hampered the performance of Nvidia. But it remains the leading graphics chips company, and its position in numerous emerging industries should enable Nvidia stock price to rise over the long-term. Even after a modest recovery, NVDA trades about 50% below its 52-week high. Nvidia (NASDAQ: NVDA) has struggled since tech stocks crashed last fall.
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