Will NVIDIA Stock Continue Its Uptrend After Rallying 180% YTD?

NVIDIA Corporation (NVDA) has been a standout performer in 2024, with its stock rocketing nearly 180% year to date. This stellar rise puts NVIDIA at the forefront of the semiconductor industry, handily outpacing the Zacks Semiconductor – General industry’s 127.5% gain and the Technology Select Sector SPDR Fund (XLK) ETF’s 22.6% climb.YTD Price Return PerformanceImage Source: Zacks Investment ResearchWith a market capitalization of $3.395 trillion, NVIDIA is now the second most valuable publicly traded U.S. ...