Investing in Nvidia and CrowdStrike: Performance, Growth Prospects, and Analyst Recommendations
Tuesday, 7 May 2024, 08:45
Top Performing Nasdaq-100 Stocks
Nvidia: 219% return over the past year
- Nvidia reported spectacular fourth-quarter results. Revenue surged 265% to $22.1 billion, driven by growth in the data center segment.
- Grand View Research forecasts 36% annual AI spending growth through 2030.
- Wall Street expects Nvidia to grow earnings per share at 35% annually over the next few years.
CrowdStrike: 164% return over the past year
- CrowdStrike witnessed a notable revenue increase in the fourth quarter and is projected for continued growth.
- CrowdStrike's brand authority in endpoint security is leading to share gains across multiple product categories.
- Analysts anticipate CrowdStrike to grow revenue at 29% annually over the next five years.
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