Key facts
- Nvidia shares have risen nearly 14-fold since the beginning of 2023.
- Nvidia is identified as one of Wall Street's top performers during the AI era.
- Dan Loeb, founder of Third Point, stated that Nvidia is still undervalued.
Nvidia's stock has experienced a remarkable surge, increasing approximately 14 times in value since the beginning of 2023. This performance has positioned the company as one of the most significant beneficiaries of the artificial intelligence boom on Wall Street. Despite this substantial growth, Dan Loeb, the founder of the activist investment firm Third Point, has expressed the view that Nvidia's shares are still undervalued, suggesting further potential upside for the technology giant.