Nvidea?

Nvidia (NVDA) is expected to perform well tomorrow, September 23, 2024. Here's why:

1. Recent Performance: Nvidia's stock has been on a roll, with a 150% increase in the first half of 2024. Although there has been a recent slump, the company's strong operational momentum and upcoming AI hardware products could drive continued investor interest.
2. AI Chip Demand: Nvidia's data center GPUs are in high demand, with potential revenue of $1 trillion expected to be spent on GPU infrastructure over the next few years. This presents a substantial opportunity for Nvidia.
3. New GPU Releases: Nvidia's new H200 GPU and the upcoming Blackwell-based GB200 NVL72 system are expected to perform significantly faster and more efficiently than previous models, driving increased client demand.
4. Analyst Ratings: Nvidia has a strong buy rating from analysts, with an average price target of $152.44, indicating a 31.41% upside potential. This suggests that analysts are optimistic about the stock's future performance.
5. Financial Performance: Nvidia's second-quarter revenue soared 122% year over year to $30 billion, and the company expects even higher sales in the current quarter. This strong financial performance could continue to drive investor confidence.

In conclusion, Nvidia's strong operational momentum, significant potential in the AI chip market, and positive analyst ratings suggest that the stock is likely to perform well tomorrow. Investors may consider adding Nvidia shares to their portfolios for the long term.