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Stock price of nvidia the stock price of Nvidia (NVDA) closed

Model: NS-40F401NA26
SKU: 6614066
$240.00
Comp. Value: $192.000
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The stock price of Nvidia (NVDA) closed at $921.45 yesterday, reflecting a 1.8% daily gain amid strong AI sector momentum. Analysts note increasing demand for Nvidia’s data center GPUs, projecting potential short-term resistance near $940 before a breakout if bullish sentiment continues. For now, the company's second-quarter year-over-year growth rates for U.S. commercial and U.S. government revenue of 93% and 53%, respectively, are high enough to support extremely bullish sentiment for the stock. But maintaining near-triple-digit increases in U.S. commercial revenue will get tougher as the base of revenue grows larger. And while profitability is improving fast, generally accepted accounting principles (GAAP) earnings are still in the early innings relative to the company's valuation. The AI market is booming. Bain projects the total addressable market for AI hardware and software will grow 40%-55% annually, reaching $780 billion to $990 billion by 2027. Institutional research notes the stock price of Nvidia could test all-time highs if Q2 guidance exceeds expectations. At the current $930 range, risk-adjusted returns look favorable compared to broader semiconductor peers.