You thought Nvidia has lost its mojo after a record breaking year? Wait for January to come; here's why

Nvidia has been doing really well at the US stock market in the last few months, backed by the overall bull run at Wall Street. It is expected to grow even further even amid concerns that the AI hype is now reaching a saturation point.

Agencies
Jensen Huang, CEO, Nvidia is set to deliver a deliver a keynote address at the Consumer Electronics Show in January.
Nvidia is currently reaching a peak of its popularity based on the amazing feat it has touched in terms of its market capitalization. It had even crossed Apple in terms of the mcap when it was accelerating steadily towards making history. With Nvidia's run slightly slowed down to various market factors, many have raised concerns about a potential dip for the AI giant due to AI's hype dying out slowly.

Are Nvidia stocks going to see a massive rise in 2025?

However, market analysts from Citi are hopeful that a major boost for Nvidia may arrive next month as the New Year commences. with their CEO Jensen Huang set to deliver a deliver a keynote address at the Consumer Electronics Show in January. This could bring in some good news and latest announcements that will again bring the company back in the forefront and limelight, helping its stock prices go up again.

Are Nvidia AI chips in demand?

There is a massive demand for Nvidia's AI chips and the requirement for the product is so great that it is simply outpacing supply, driving up the demand and portfolio of the company. Even though there are are other players in the chipmaking market, none of them is coming close to where Nvidia has risen in the last two years, giving them a straight-edge monopoly in recent while.


FAQs:

Has the US stock market crashed?
No, the US stock market has not crashed in recent while, and has instead been on a superb bull run for nearly two years now.

Is Nvidia's stock going to grow further?
Yes, after Nvidia's decision of introducing AI-reliant GPUs and other services, it's stock has shot through the roof, and is now growing at a phenomenal pace in 2024.
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