37% of Respondents Are Bullish on NVIDIA’s StockNVIDIA’s stock prices have skyrocketed due to its groundbreaking innovations, expanding market presence, and rise in artificial intelligence. The company’s dominance in AI, gaming, data centers, and autonomous vehicles has fueled investor confidence, propelling its stocks to unprecedented heights.
With a strong technological foundation and promising future prospects, NVIDIA continues to captivate the market and solidify its position as a technology powerhouse.
Therefore, Real Research, an online survey app, launched a survey on why NVIDIA’s stock is skyrocketing to gauge public opinion on this.
Highlights
- The majority (59%) were aware of NVIDIA’s factors that contributed to its growth.
- 37% of respondents were bullish on NVIDIA’s stocks.
- Nearly half of respondents (49%) believed NVIDIA would continue dominating the AI chip market.
NVIDIA’s stock surged on May 25, 2023, after the company reported earnings that beat analysts’ expectations. The stock closed up 24.37%, reaching an all-time high of $385.23. NVIDIA’s market capitalization also surged to $939 billion, surpassing Qualcomm, Intel, and Texas Instruments combined.
The strong earnings report was driven by strong demand for NVIDIA’s chips, which are used in a variety of applications, including gaming, artificial intelligence, and data centers. NVIDIA also said that it was ramping up production to meet demand.
The results of the survey suggested that 37% were well aware of NVIDIA’s stock surge, while 34% were vaguely aware, and 30% were unaware.
Factors That Contributed to NVIDIA’s Success
NVIDIA is a leading provider of AI chips and software, and its products are used in a wide range of AI applications, including self-driving cars, natural language processing, and medical imaging. We asked our respondents whether they were aware of NVIDIA’s involvement in the AI industry.
The results suggested that the majority of respondents (59%) were familiar with NVIDIA’s involvement in the AI industry, compared to 40% who were unfamiliar.
Next, the survey poll asked the respondents to identify the factors that contributed to NVIDIA’s success in the AI chip market.
27% of respondents stated powerful hardware innovations, followed by 24% who said deep learning prowess, 20% said graphics processing unit (GPU) dominance, and 12% said strong ecosystems and partnerships.
The growing number of AI companies triggered by the ChatGPT boom and the increasing demand for GPUs were identified as the key factors driving NVIDIA’s rapid expansion. AI companies faced waiting periods of more than six months to secure their GPU orders, indicating a significant supply-demand gap in the market.
According to the following survey poll, 59% of respondents were familiar with the demands that contributed to NVIDIA’s stock surge, while 41% were unfamiliar.
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NVIDIA’s Potential for Continued Market Dominance in the Unforeseeable Future
We inquired with the participants about their perspective on NVIDIA’s prospects for maintaining its dominance in the AI chip market for the foreseeable future.
The results showed that nearly half of the respondents (49%) believed so, while 34% remained uncertain and 18% said no.
Furthermore, since NVIDIA’s stock surge occurred, we asked the respondents whether they considered investing in NVIDIA’s stock. 29% said that they were planning to, 23% said they had already invested, 27% remained unsure, and 22% said they did not intend to.
Lastly, the survey inquired about respondents’ outlook for NVIDIA’s stock in the future. Most of the respondents (37%) were bullish on NVIDIA’s stock, while 36% had no opinion, and 27% were bearish despite NVIDIA’s stock surge.
Read Also: 44% Think Robots Will Take Over the Workforce in the Future
Methodology | |
| Survey Title | Survey on Why NVIDIA’s Stock Is Skyrocketing |
| Duration | June 3, 2023 – June 10, 2023 |
| Number of Participants | 10,000 |
| Demographics | Males and females, aged 21 to 99 |
| Participating Countries | Afghanistan, Algeria, Angola, Argentina, Armenia, Australia, Azerbaijan, Bahrain, Bangladesh, Belarus, Benin, Bolivia,… Brazil, Brunei, Bulgaria, Burkina Faso, Cambodia, Cameroon, Canada, Chile, China, China (Hong Kong) China (Macao), China (Taiwan), Colombia, Costa Rica, Croatia, Czech Republic, Ecuador, Egypt, El Salvador, Ethiopia, Finland, France, Gambia, Georgia, Germany, Ghana, Greece, Greanada, Guatemala, Honduras, Hungary, India, Indonesia, Iraq, Ireland, Israel, Italy, Ivory Coast, Japan, Jordan, Kenya, Kuwait, Kyrgyzstan, Latvia, Lebanon, Libya, Lithuania, Malaysia, Maldives, Maluritania, Mexico, Moldova, Mongolia, Morocco, Mozambique, Myanmar [Burma], Namibia, Nepal, Nicaragua, Nigeria, Oman, Pakistan, Palestine, Panama, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Sierra Leone, Singapore, Slovakia, South Africa, South Korea, Spain, Sri Lanka, Tanzania, Thailand, Togo, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela, Vietnam, Yemen, Zimbabwe. |
RR Author
Real Research News is the media platform that presents insights and studies of wide-range of topics. It focuses on insights gathered from its survey app.
