Indexes Give Up Gains in Afternoon Nvidia Jumps Dow S.

What Investors Need to Know

The worldwide AI market clocked in at $24 trillion in 2023. As of May 22, 2024, at 9:50 AM, Nvidia's share price was around $950. With its share price around $950, Nvidia could be a good investment. WEB CIO shares Nvidia alternatives to cash in on the AI theme. There's another way to play this. WEB Nvidia stock entered 2023 at $146.07 per share and on April 19, 2024, it closed at $762.00. That's a hefty gain of 422%. WEB Nvidia forecast fiscal second-quarter revenue of $28 billion plus or minus 2%. WEB Nvidia's profits and revenues skyrocketed by 62.8% and 26.8% compared to 2023's comparable.

Nvidia Alternatives

If you're looking for an alternative to Nvidia, there are a few companies that you might want to consider. These companies include Advanced Micro Devices (AMD), Intel, and Qualcomm. AMD is a major competitor to Nvidia in the graphics card market. Intel is a major player in the CPU market and is also starting to make inroads into the graphics card market. Qualcomm is a major player in the mobile chip market and is also starting to make inroads into the data center market. All of these companies are worth considering if you're looking for an alternative to Nvidia.