#1 - NVIDIA (NASDAQ:NVDA)
NVIDIA Corp. (NASDAQ: NVDA) is one of the best-performing stocks of 2023 and 2024. Much of the credit for the stock’s strong performance is due to the company’s leadership position in graphic processing units (GPUs) for the data center market.
However, NVIDIA is also reporting strong demand for its NVIDIA DRIVE AGX™ platform, which provides companies with the hardware and software necessary for many automotive applications including autonomous driving functions.
In its 2025 fiscal year earnings report delivered in November 2024, NVIDIA reported $449 million in revenue from this market—a 30% gain from the prior quarter and a 72% gain year-over-year.
That’s only a fraction of the $35 billion that NVIDIA reported in quarterly revenue, and the market is still growing. To illustrate that growth, NVIDIA announced that Japanese and Indian companies will be using the company’s products to build their next wave of physical artificial intelligence.
About NVIDIA
NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.
Read More - Current Price
- $149.43
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 40 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $164.15 (9.9% Upside)
