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Nvidia stockThe Motley Fool
•77% Informative
Nvidia stock jumped 150% in the first half of 2024 , but it has been in a slump since mid-July .
There was a rumored delay with the company's latest artificial intelligence ( AI ) chips for the data center.
Data center operators could spend $1 trillion building GPU infrastructure over the next few years .
Nvidia is now shipping its new H200 GPU , which can perform AI inference at almost twice the speed of the H100 .
Nvidia stock will surpass its record closing high of $ 135.58 by the end of 2024 .
Microsoft , Oracle , and Meta Platforms are just some of the companies that have explicitly said they will increase their capex spending on AI in the coming year .
Consider when Nvidia made this list in 2005 ... if you invested $ 1,000 at the time of our recommendation, you’d have $ 694,743 !.
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