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Market Insights
The Nasdaq Composite entered a bull market on April 8, 2023, advancing by 53% since then. Historically, the index has averaged a 281% return during bull markets since 1990, compounding at 31% annually.
Nvidia (NASDAQ: NVDA) reported substantial third-quarter revenues of $57 billion, a 62% increase driven by growth across its segments. With a current share price of $177, analysts project a median target price of $250, suggesting a potential 41% upside. Additionally, Zscaler (NASDAQ: ZS) experienced a revenue boost of 26% to $788 million, with an adjusted earnings estimate of $0.96 per diluted share.
Wall Street anticipates Zscaler’s earnings to grow at 17% annually through 2028, while Nvidia’s are projected to grow at 37% annually over the same period, reinforcing their roles in the AI market.
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