Banks upgrade Nvidia after its annual conference. Price targets >$1,000
The iPhone made Apple $Apple(AAPL.US$ the biggest company in the world. Will Nvidia's $NVIDIA(NVDA.US$ chips make the chip leader the biggest company in the globe in the future? Well it could happen. It's not certain. So here are three certainties and some 'cheaper' ways to get partake in Nvidia's growth
Firstly note that 24 investment banks and analysts reiterated Nvidia as a buy this week. Most think Nvidia's shares will get over $1000 a share. Susquehanna and HSBC have targets of $1,050.
Also note, this week at Nvidia's annual artificial intelligence conference it expanded its collaborations with Microsoft, Google and Amazon, who are buying Nvidia's new superchip and GPUs.
Thirdly, also note the world's biggest and fastest growing health company Novo Nordisk, who's behind Ozempic, also expand its relationship with Nvidia. It will build a new supercomputer in Denmark to discover new medicines and treatments.
And lastly, note that some investors and traders are using the ETF NVDX $T-REX 2X LONG NVIDIA DAILY TARGET ETF(NVDX.US$ Or NVDL $GraniteShares 2x Long NVDA Daily ETF(NVDL.US$ to get exposure to NVDA's growth. Although these are a fraction of the cost of Nvidia's shares, they're leveraged, so carry more risk.
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Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Moomoo Official Market Strategist
Investment strategist. I dissect markets and share investment opportunities. I am featured on TV & radio etc
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JC7577 : NICE
Skoljil : People can focus on AI+.
La Diabla ChuChu : Sweet
Kakakala12 : Those who bought NVDA made big money.
assailed : It's nice.
Peterson111 : Buy Nvidia.
Cocona33 : I don't know what to say.
hoonyoon : gosh..., can't focus what she said!
71731595 : I think you are a great succinct direct business reporter! Exceptional
71731595 : NVIDIA announces a 10-1 split. What a plus!