NVDA stock price prediction: will NVIDIA become a 4 trillion dollar company this year?
Veteran investor Eric Jackson $NVIDIA(NVDA.US$ They say growth has just begun. He predicts that the company's total market value could double to reach 6 trillion dollars by the end of the year, boosted by strong earnings reports in August or November.
In addition to continued demand for H100 and H200 chips, this outlook hinges on the possibility of new Blackwell chips specialized in artificial intelligence, and is in line with Nvidia founder Jen-Hsun Huang's previous insights on demand trends.
Eric Jackson believes that if NVIDIA's performance is as expected, investors will accept a fairly high price-earnings ratio.
This reality is worrisome for fundamental traders, but it is an exciting prospect for NVDA, and suggests there is potential for significant growth if earnings continue to grow.
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