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Nvidia stock closes at all-time high

Nvidia stock closes at all-time high, a day before earnings

Shares of Nvidia closed up 2.3% at an all-time high of $504 on Monday 20th November 2023. The record comes ahead of the company’s Q3 results due Tuesday 21st November 2023, when analysts are expecting to see revenue growth of over 170%.

And, if that’s not enough, the forecast for Q4, according to some analysts, is likely to show a number close to 200% growth.

Nvidia is still by far the market leader in GPUs for AI, but high prices and competition are fast becoming an issue.

Can Nvidia continue the AI ride and hold this remarkable market share position?

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