NVIDIA is nearing the $1,000 mark! Target stock price increases one after another
March 25, $NVIDIA(NVDA.US$The closing price of is 950.02 dollars, making it the 3rd place in the world with a total market value of 2.375 trillion dollars, and the difference with Apple, which is in second place, is shrinking steadily. It is worth noting that the company's stock has been rising for 11 consecutive weeks, breaking a continuous rise record.
NVIDIA announced new new products for artificial intelligence (AI) at the annual developer conference “GTC2024,” which opened on the 18th. In response to this, major financial institutions showed a bullish view, further raised NVIDIA's target stock price, and pointed out that the company's new products would further widen the gap with competitors.
Analysts say the rise in NVIDIA's stock priceCurrent performance gains and upward revisions to earnings forecastsNot only is it being driven bySovereign AI fieldIt was pointed out that it is also being supported by the company's great potential, and it shows a bullish view on NVIDIA's outlook. Furthermore, NVIDIA's new chip has the potential to transform AI modeling and inference, and at the same time, it has been shown that NVIDIA's superiority over rival companies of chip manufacturers will be further enhanced.
A major US financial companycityIs NVIDIA's target stock priceRaised from $820 to $1,030Maintains a “buy” rating.
The analyst has an even more positive view of NVIDIA's ability to vertically integrate computing, networking, and software technologies with “GTC2024.” Analysts pointed out that with the company's new NVLink switch technology, the “Blackwell platform” realizes performance improvements of up to 30 times that of the conventional H100 in inference workloads. Citi revised its 2024 and 2025 earnings forecasts upward by 7% and 21%, respectively, to reflect Blackwell platform pricing that exceeds expectations (30,000 dollars to 40,000 dollars compared to conventional assumptions of 20,000 dollars to 30,000 dollars).
Swiss financial giantUBSWhat is NVIDIA's target stock price$800 to $1,000Raise it to and maintain the “buy” rating.
Following the introduction of the Blackwell platform, analysts pointed out that NVIDIA is riding a new wave of demand from global companies and sovereign companies.
NVIDIA CEO Hwang also gave a keynote speech, and the company's ability to innovate and realize business was emphasized.
On the other hand,SusquehannaWhat is the analyst of NVIDIA's target stock price$850 to $1,050It was raised to, and it was argued that Blackwell's release would solidify NVIDIA's leading position in AI.
Source: Moomoo, TipRanks, The Fly
This article uses automatic translation for some of its parts
— MooMoo News ZOE
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
takfujimaki : Currently, there is no problem reaching $1000. It's just a passing point.
大負けネコ : I agree with the above comments.
Personally, I expect it to reach $1,200 by the end of 2024.
If it's more than that, I think a stock split would be a good idea.
Expectations in the generative AI field around the world, the associated demand for data centers, and the news that has been announced so far, such as the provision of GPUs (graphic processing units) to satisfy them, seem to be the key for Nvedia to drive not only the American semiconductor field in the future, but also the global economy.
I'm still a beginner in US stock trading for a few months, but I changed my policy centered on value stock investment, and now AI & semiconductor-related matters are over 50%. The majority of valuation gains come from there.
I don't see any downward factors.
Reading this article made that feeling stronger and stronger.
The Japanese market is also being swayed.
Once you've ridden it, I think I have no choice but to keep riding this roller coaster until it stops.
田中一郎2 : 10,000 within 3 years
徒然草子 : Since it almost exclusively supplies ever-increasing demand, NVDA has knocked out sales growth and 70% high profit. As long as this growth story continues, I presume that stock prices will overheat. However, all rival companies are probably planning to enter.
If it were to collapse...
1. Inexpensive, high-performance alternatives to general-purpose GPUs will appear
2. Cool off from the illusion of generative AI
大負けネコ 徒然草子: So far, is AMD the only company that has clearly shown its intention to provide replacement products?
I hope that spirit is good.
However, I only own 1 share that I bought by chance.
I also wonder if long-established stores around Apple or IBM won't break through technological innovation again.
Totomi : 1000 dollars
It's probably a passing point
181516220 : ！？
兆り人 : Securities companies are inciting various things because they want to earn fees, but I don't want you to be misled.
Please take good care of your own thoughts.
ゴールデンイーグル : I think it will be 10 times normal from now, someday ^_^
徒然草子 大負けネコ: groq
What is the free AI chatbot “Groq”? Groq vs NVIDIA
View more comments...