NVIDIA, which has recently been challenging for the top spot in the world’s largest companies rankings, has shown significant growth this year. The company, which has increased its power especially with its investments in artificial intelligence, has surprised the whole world. According to analysts’ estimates, NVIDIA will continue to surprise with its market value.
NVIDIA market value could more than triple
Beth Kindig, chief technology analyst at investment and analytics firm I/O Fund, predicts a long-term valuation of $10 trillion for NVIDIA. The company, currently valued at $2.9 trillion, is expected to generate significant revenue, particularly from sales of its Blackwell AI chip. Analyst Kindig sees NVIDIA’s current situation as good.
NVIDIA CEO Jensen Huang stated in his latest interview that a major change was made to increase efficiency in the development process of the Blackwell AI chip. He also stated that the company will earn billions of dollars with this new generation chip.
Wall Street investors also have a positive view of NVIDIA. Analysts have set an average price target of $151 on the company’s stock, reflecting expectations that the stock could rise 27% in the next 12 months, according to Nasdaq data.
So what do you think about this issue? What are your expectations from NVIDIA? You can share your opinions with us in the Comments section below.
Note: This content and the information mentioned in it are not investment advice and should not be considered as investment advice.
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