|Day's range||31.35 - 32.55|
So much for market calm.
In the past year, Nvidia (NASDAQ: NVDA) has given shareholders quite a roller coaster ride. Since the beginning of 2023, Nvidia's stock has been up over 80%. With how much Nvidia's stock has risen in 2023, many investors may question if they've missed the move on Nvidia's stock or if there is more room to go, as the stock is still down 18% from its high.
Artificial intelligence (AI) stocks have been in the limelight in recent months after OpenAI's chatbot ChatGPT, backed by Microsoft (NASDAQ: MSFT), took the world by storm at the end of 2022 and quickly racked up a massive user base. With a purported investment of $10 billion in OpenAI, Microsoft has set itself up to take advantage of the generative AI boom. This looks like the right thing to do, as Polaris Market Research expects the global generative AI market to clock 34.2% annual growth over the next decade and create $200 billion in annual revenue by 2032.