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Why Is Cliff Asness Bullish On NVIDIA Corporation (NVDA)?


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Published in Stocks and Investing on Saturday, January 18th 2025 at 11:01 GMT by MSN   Print publication without navigation

  • We recently compiled a list of the 10 Best Stocks to Invest in According to Billionaire Cliff Asness. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against the other stocks recommended by Cliff Asness.

Cliff Asness, co-founder of AQR Capital Management, has expressed a bullish stance on Nvidia Corporation (NVDA) due to several key factors highlighted in the article. Nvidia has become a pivotal player in the AI industry, with its GPUs being essential for AI model training and deployment, leading to a significant increase in demand. The company reported a stellar earnings performance, with its data center revenue soaring due to AI applications. Asness's optimism is also fueled by Nvidia's strategic positioning in the tech sector, its continuous innovation, and the broader market's shift towards AI and machine learning technologies. Despite concerns about high valuations, Asness believes that Nvidia's growth prospects justify its current market price, making it an attractive investment for those looking to capitalize on the AI boom.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/technology/tech-companies/why-is-cliff-asness-bullish-on-nvidia-corporation-nvda/ar-AA1xqGIO ]

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