After another astounding year in 2024 where the tech-heavy Nasdaq Composite index surged by 28%, the outlook for 2025 looks a bit more uncertain. While many tech companies should continue to show strong growth in revenue and earnings,
Nvidia stock joins Meta and Google on IBD Leaderboard and Tesla makes the watchlist as 2025 starts with a bang. But keep these points in mind.
Artificial intelligence and the metaverse drove Meta Platforms Inc. ( META, Financials) growth in 2024. Although 500 million monthly active users made up threads, AI-powered tools raised advertisement income. By 19%, effective cost control enabled Meta to raise Q3 2024 income.
After another applause-worthy year for the Magnificent Seven companies, I don’t think they’ve become too magnificent not to own. You don’t need to own all seven red-hot names (you’d have done incredibly well if you did,
Tesla, Inc.'s stock is extremely overvalued despite disappointing vehicle deliveries, making it a risky investment at current all-time highs. Explore more details here.
Despite Nvidia's relatively strong position, the company still faces major challenges on its way to become the preeminent AI robotics company. Explore more details here.
As a result, Nvidia's revenue has exploded higher in recent years. For example, in the latest quarter, revenue came in at a record of more than $35 billion -- higher than a full year of revenue just two years ago. Importantly, the company is also highly profitable on sales, with a gross margin of more than 70% in recent quarters.
Even with its December decline, Nvidia shares ended 2024 up more than 150%. Analysts have remained bullish on the stock, estimating shares will rise to roughly $173 over the next year from their current level of $138, according to Yahoo Finance data.
Forget the show reels, leather jackets and slick graphics. Jensen Huang wants to move Nvidia beyond chip-making to become the beating heart of the industrial economy.
Colin is an Associate Editor focused on tech and financial news. He has more than three years of experience editing, proofreading, and fact-checking content on current financial events and politics.
Nvidia emerged as the biggest global gainer in market capitalization for 2024, driven by surging interest in artificial intelligence and the robust demand for its AI-centric chips across various industries.
After another applause-worthy year for the Magnificent Seven companies, I don't think they've become too magnificent not to own. You don't need to own all seven red-hot names (you'd have done incredibly well if you did,