No one could have guessed at the end of the worst year for stocks since 2008 that an innovation from an unassuming Microsoft -backed startup would sweep in to revitalize a once-booming growth sector. The excitement around ChatGPT has revived the downtrodden technology sector from the grave. Six months later, the promise of generative AI has boosted the Nasdaq Composite 31.7%, notching its best first half since 1983 .
mountain It will be difficult for Nvidia to replicate the triple-digit returns it achieved in the first half of 2023. Even with the stock's stellar performance, and recent entrance into the $1 trillion market cap club, investors aren't shying away just yet. Future 2023 gains may pale in comparison to the triple-digit jump to start the year, but Wall Street's consensus price target implies 8% upside from Friday's close.