Nasdaq Correction: 1 Unstoppable Stock to Buy Before It Soars 600%, According to 1 Wall Street Analyst

Danny Vena, The Motley Fool

Mon, Mar 10, 2025, 12:50 PM 6 min read

The Nasdaq Composite (NASDAQINDEX: ^IXIC) has been riding precocious for much than 2 years now, arsenic waning inflation, the imaginable of little involvement rates, and the emergence of artificial quality (AI) helped substance its awesome gains. In fact, since the bull marketplace began successful precocious 2022, the tech-centric scale climbed arsenic overmuch arsenic 95% earlier the caller marketplace swoon.

Since its highest successful December, however, the Nasdaq has dipped into correction territory, falling much than 10% from its caller high. While moves of that magnitude tin beryllium unnerving, they besides supply astute investors with the accidental to prime up prime stocks astatine a discounted price.

One specified banal is Nvidia (NASDAQ: NVDA). The institution has go the de facto poster kid for the AI revolution, which pushed its banal to caller heights, gaining arsenic overmuch arsenic 965% successful conscionable implicit 2 years. However, fears astir the gait of AI adoption, geopolitical concerns, and economical headwinds person weighed connected Nvidia, which is down 28% from its highest (as of this writing).

But there's bully news. Looking beyond the existent weakness, Nvidia has the imaginable to go the world's archetypal $20 trillion company, which would correspond further upside of much than 600%, according to 1 Wall Street analyst.

Nvidia pioneered the graphics processing portion (GPU) successful 1999, revolutionizing the video crippled space. What acceptable GPUs isolated from existing exertion was parallel processing, oregon the quality to behaviour a multitude of mathematical computations simultaneously. By breaking up computationally intensive tasks into smaller bits, they tin beryllium accomplished overmuch much quickly.

Nvidia rapidly discovered that this breakthrough successful exertion could beryllium utilized to velocity up different applications, and its state-of-the-art chips rapidly became the golden modular for high-performance computing (HPC), information centers, unreality computing, and -- astir precocious -- AI processing.

Furthermore, there's much to Nvidia's GPUs than meets the eye. The company's Compute Unified Device Architecture (CUDA) programming level and bundle architecture immunodeficiency developers successful getting the astir retired of the GPU. Nvidia provides much than 400 libraries that assistance developers "build, optimize, deploy, and standard applications crossed PCs, workstations, the cloud, and supercomputers utilizing the CUDA platform," according to the company. This quality to pat into the afloat powerfulness of the GPU has made it the apical prime for a procreation of developers, making it the manufacture modular successful the process.

Since CUDA is truthful profoundly ingrained successful the computing industry, it's the odds-on favourite to continue.