Nvidia Stock Just Did Something It Has Never Done Before. History Says the AI Stock Could Do This Next.

The Jen-Hsun & Lori Huang Foundation saw its assets, which mostly consist of Nvidia shares, more than triple to $3.4 billion at the end of 2023.

If the still-rapid growth of artificial intelligence isn’t pushing the market higher right now, something else will have to do it.

Certain research has shown that investors tend to put too much faith in past earnings. Over time, this leads to a stock being overbought in the lead-up to an earnings release and a short-term dip after the release. What Nvidia is experiencing is very normal.

Nvidia’s AI growth story is far from over. The company’s new Blackwell graphics processing unit seems to have limitless demand, which bodes well for the company’s stock price.On Wednesday, Nvidia reported another quarter of stunning revenue.