Nvidia shares: Is it still worth getting started now? Analysts are optimistic about the future of the AI ​​giant.

Nvidia shares: Is it still worth getting started now? Analysts are optimistic about the future of the AI ​​giant.

According to a report by www.boerse-online.de, graphics card maker Nvidia reported 206 percent year-over-year revenue growth in the third quarter, leading to year-to-date stock growth of over 220 percent. Forecasts for the next fiscal year also call for significant growth, despite U.S. restrictions on exports of chips to China. The future prospects for Nvidia are generally positive, which is also reflected in the increase in price targets by well-known analysts.

Nvidia's current performance and future forecasts continue to signal good growth opportunities. The stock is recommended as a buy by 61 out of 65 analysts, with an average price target of $661, representing a potential upside opportunity of 36 percent. In addition, renowned analysts further increased their price targets for Nvidia shares after the figures were announced. Not only the AI ​​business, but also the recovering gaming industry could give the stock additional boost.

China's export restrictions and possible market corrections could cause short-term turmoil, but in the long term Nvidia remains a significant player in the artificial intelligence space. The company benefits from a growing market and great opportunities that the technology offers. In the long term, this should continue to drive the share price.

The positive developments at Nvidia continue to make the stock attractive to investors, and the outlook for 2024 remains promising. Anyone who is already invested in Nvidia or is considering it could benefit from the company's growth opportunities in the long term. However, it is important to keep an eye on developments regarding export restrictions and market fluctuations. Börse Online's AI index also offers other promising candidates if broader diversification is desired.