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You've probably read about NVIDIA's recent earnings blowout… Where it revealed that thanks to demand for AI, its future earnings will crush previous expectations. The markets reacted by sending NVIDIA's stock surging by almost 25% in a single day… An impressive feat when you consider it was already a $700+ billion stock before that surge. If you already owned NVIDIA stock before the jump – congratulations… But if you didn't, don't worry… Because I've just discovered an undercover AI stock that I believe could do 300 times better than NVIDIA. I believe this small-cap stock could deliver Huge returns in 2024 – which would be 300 times better than NVIDIA's 25% surge. So just click here to get your hands on my $6 AI Wonder Stock that could make you richer in 2024 (plus a whole lot more)…


I'd like to weigh in on the current state of Nvidia (NVDA) stock. Despite the recent pullback, this isn't a signal to sell; it's a prime buying opportunity. Let's dive into why I believe NVDA stock is poised to surpass $1000.

Starting with the broader picture, the demand for AI chips is soaring. Big Tech's need for processors, especially for training large language models, is robust and growing. NVDA's role as a leader in this space can't be understated. Their chips are also increasingly crucial for a variety of other AI applications. This pullback shouldn’t be seen as a red flag; rather, it's a chance to get in on the ground floor of the next major surge in AI tech.

Now, let's talk about the recent GTC conference hosted by Nvidia. The highlight was Nvidia CEO Jensen Huang's keynote on March 18, where he announced the Blackwell GPU. This new chip outshines its predecessors in capability and energy efficiency, which is drawing significant interest from major tech companies. Contrary to what one might expect, this didn't trigger an immediate rally in NVDA stock. Instead, the stock saw a slight decrease. However, this lukewarm market reaction isn't the end of NVDA's story; it's a temporary phase. The upcoming launch of the Blackwell GPU is expected to drive a significant rally in the stock.

Despite the absence of surprise elements in the keynote and the market’s initial ‘sell on the news' reaction, there's a clear path for NVDA's rise. Market concerns about a correction in AI stocks and Nvidia in particular have led to a stagnant performance since early March. But these concerns, influencing the current sentiment, are likely short-lived. Nvidia's next quarterly earnings, driven by existing chip products, are expected to be robust. And in the future, sales from the Blackwell GPU should contribute substantially, reinforcing confidence in Nvidia’s growth trajectory through 2025 and beyond.

There's more fueling NVDA’s potential rise. The anticipation of strong demand for AI chips and Nvidia’s ability to meet this with advanced, efficient products like the Blackwell GPU are key. Financially, hitting the high end of earnings forecasts for fiscal years 2025 and 2026 is realistic. Furthermore, the expected reduction in interest rates by the Federal Reserve this year should support NVDA's stock valuation, maintaining its forward earnings multiple.In summary, NVDA’s current price offers a strategic entry point for investors. The combination of ongoing strong demand, innovative product launches, and favorable economic conditions create a solid foundation for growth. Therefore, skipping out or selling NVDA stock now might be a decision you'd regret. As always, in The Market Junkie, I advocate for making informed, strategic decisions that navigate through market turbulences, just like a skilled pilot through the skies. Here's to seizing opportunities and soaring to new heights in your investment journey.


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ELON’S FINAL MOVE

Elon’s new AI venture promises to create 10 TIMES MORE American millionaires than Tesla did.
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A website that shows you which stocks could soon rise by 100% or more, by typing in any of 4,000 tickers.

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“The Forever Battery”

Secret Startup Cracks the Battery Code — Wall Street Legend Predicts a 1,500% Surge in Electric Car Sales Over the Next 4 Years…

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3 High-Yield Dividends for Guaranteed Passive Income

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New EV Set to Disrupt Entire Industry

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Forget 99% of Tickers - Just Use This One

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Is Amazon Obligated to Pay You?

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#1 Energy Pick

This little-known Silicon Valley company is using AI to do something incredible…
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#1 EV Breakthrough of 2022

Louis Navellier is about to give away the ticker symbol of an overlooked battery company… one set to skyrocket in value as the EV boom gets underway. 
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Anyone can invest like “The People’s Shark” with as little as $100

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Is L.A.S.E.R. The Greatest Tech Breakthrough in History?

A $3.5 trillion megatrend… spearheaded by Elon Musk is bringing what could be the most disruptive, revolutionary tech breakthrough the world has ever seen, with one small company sitting at the center.
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2,467% Return on Israeli Laser Company

Learn the 3 Steps You Need to Protect Your Retirement and One Stock that Could Soar 2,476% in Nine Months.
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One Tweet From Elon Could Blow This Story Wide Open

Last year, anyone who listened to this man about Tesla could’ve made EIGHT TIMES their money. Now he’s revealing how Elon’s NEXT big move will revolutionize ANOTHER massive $23 trillion market.
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$25 to Profit from 20,000 IPOs

Days from now — 20,000 ‘IPOs’ could start flooding the market…
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"Bio-Chip" Sparks Potential 199,900% Surge by 2025

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