Nvidia’s Stock Surge: Approaching New Heights with Experts Eyeing $4 Trillion Valuation

Nvidia Corp NVDA shares climbed 0.8% to close at $138 on Friday, bringing its market cap to over $3 trillion. Analysts believe there is potential for further growth.

Expert Predictions Fuel Optimism

Chief Executive Officer of Lumida Wealth Management, Ram Ahluwalia, expressed strong confidence in Nvidia’s prospects. He suggested the company could reach a $4 trillion valuation.

Ahluwalia stated, “There’s no question about it. The demand for GPU chips is strong, and you’re seeing early adopters starting to get some ROI,” as reported by Yahoo Finance.

Portfolio manager Tony Wang from T. Rowe Price also shares this optimistic outlook. Meanwhile, Dan Niles, founder of Niles Investment Management, believes the AI sector still has room for growth. “You’ve got several more years of AI investment before you hit saturation or a more maturing AI landscape,” he said. Niles anticipates Nvidia’s revenue and stock price could double in the coming years.

Positioned for Inference Growth

Goldman Sachs highlighted Nvidia’s potential in the inference market, predicting significant demand as companies like OpenAI work on improving their models. With a full-stack approach, Goldman Sachs projects a price target of $150 for Nvidia shares.

Furthermore, Bofa Securities recently reaffirmed their ‘Buy’ rating, raising the company’s price target from $165 to $190.

Currently, Nvidia has a consensus price target of $234.49 based on the assessments of 38 analysts.

Market Performance Highlights

Year-to-date, Nvidia stock has surged nearly 186.5%, according to data from Benzinga Pro, and now boasts a market capitalization of approximately $3.39 trillion. This significant growth positions Nvidia just behind Apple, which remains the only U.S. company with a higher market cap, currently valued at $3.57 trillion, but still shy of the $4 trillion mark.

Over the past year, Nvidia’s stock has skyrocketed over 233%, from $41 to its current price of $138. Additionally, ETFs that track Nvidia, such as GraniteShares 2x Long NVDA Daily ETF NVDL and Direxion Daily NVDA Bull 2X Shares NVDU, have seen gains exceeding 440% during the same time frame.

Looking Ahead

With robust support from analysts and a growing market, Nvidia appears well-positioned to capitalize on the ongoing advancements in AI, further solidifying its role as a leader in the tech industry.

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