Nvidia approaching the $1,000 milestone! Target stock prices are being raised successively.
On March 25th, $NVIDIA (NVDA.US)$The closing price was $950.02, with a market capitalization of $2.375 trillion, ranking third in the world, and the gap with Apple, which is in second place, is narrowing. The company's stock has risen for 11 consecutive weeks, setting a new record for consecutive increases.
At the annual developer conference 'GTC2024' that opened on the 18th, Nvidia announced new products for artificial intelligence (AI). In response to this, major financial institutions have expressed a bullish view, further raising Nvidia's target stock price, and pointed out that the company's new products will widen the gap with competing companies.
Analysts point out that Nvidia's stock price rise is not only driven by the current outperformance and upward revisions in financial estimates but also supported by the company's significant potential in the Sovereign AI field, showing a bullish outlook for Nvidia's prospects. In addition, Nvidia's new chips have the potential to revolutionize AI modeling and inference, while also enhancing Nvidia's superiority over chip maker rival companies.Current outperformance and upward revisions in financial estimatesare not only driving Nvidia's stock price rise,but also being boosted by the company's significant potential in the Sovereign AI field,showing a bullish outlook for Nvidia's prospects. Additionally, Nvidia's new chips have the potential to revolutionize AI modeling and inference, while also enhancing Nvidia's superiority over chip maker rival companies.
A major US financial institutioncitiupgraded nvidia's target stock pricefrom $820 to $1,030maintaining a "buy" rating.
The analyst is even more positive about Nvidia's ability to vertically integrate computing, networking, and software technologies at "GTC2024". The new NVLink switch technology of the company achieves a maximum performance improvement of up to 30 times that of the traditional H100 in inference workloads on the "Blackwell Platform," the analyst notes. Citi has upwardly revised its performance estimates for 2024 and 2025 by 7% and 21% respectively, reflecting the higher pricing of the Blackwell platform (from $20,000-$30,000 to now $30,000-$40,000) surpassing expectations.
Swiss financial giantUBSNvidia's target stock price has been raised from $800 to $1,000, maintaining a 'buy' rating.
Following the introduction of the Blackwell platform, analysts point out that Nvidia is riding a wave of new demand from global enterprises and sovereigns.
Nvidia CEO Mr. Huang emphasized the company's innovative and business realization capabilities during his keynote speech.
On the other hand, Susquehannaanalysts have set Nvidia's target stock price From $850 to $1,050.argued that Blackwell's release will solidify nvidia's leading position in AI.
Source: moomoo, TipRanks, The Fly
This article uses auto-translation in part.
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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
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