NVIDIANASDAQ: NVDA

Large technology companies have said that they are increasing spending on data centers optimized for artificial intelligence.

You would not have felt sorry for staying with Nvidia during its highs and lows.

This leading artificial intelligence (AI) company is ready to start a new stage of development.

The company has been a leading example of progress in AI, but there could be a new competitor emerging.

Nvidia has strong potential for the future, but in the near term, its stock may be at risk of a decline.

Nvidia, a leading company in chip manufacturing, is discussing a potential investment in Elon Musk's rapidly expanding artificial intelligence startup, xAI, according to a source familiar with the matter.

Nvidia (NVDA) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.

Nvidia, a major player in the semiconductor industry, is among the top-performing stocks of 2024, only behind Vistra Corp, which is also benefiting from the AI trend.

Analysts usually take into account several factors when updating stock predictions, such as Nvidia's advancements in AI technology, its increasing presence in data centers, and the rising need for its GPUs in AI and machine learning uses.