NVIDIA surpasses Apple in 2nd place in the world! Did the stock price exceed 1500 dollars before the split?!
Wednesday (5th), US Eastern Time, “The King of AI” $NVIDIA(NVDA.US$rose 5.16%,Another record high of $1224.40updated. The total market value also exceeds 3 trillion dollars, $Apple(AAPL.US$Pull it out $Microsoft(MSFT.US$It became the second place in the world after
When NVIDIA's total market value breaks through 1 trillion dollars for the first time as a semiconductor company in 2023/5,It went from $2 trillion to $3 trillion in just about 3 monthsI did it. NVIDIA also has a total market valueThe third company in history to break through the 3 trillion dollar barrierIt became.
Since the artificial intelligence (AI) boom broke out, NVIDIA's stock price and performance have greatly exceeded market expectations, and it has become the brand receiving the most attention on Wall Street. However, if such a strong rise continues for a long period of time, I hear voices worried that the end will come to an end for NVIDIA. Many Wall Street analysts say,There is still room for improvement” I answered.
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Wall Street continues to be optimistic
Bank of America analysts recently set NVIDIA's target stock price on Wall StreetRaise the target stock price again to 1500 dollars, which is the upper limitThat's it. The bank stated that NVIDIA's growth outlook justifies the high price.
Bank of America analysts recently set NVIDIA's target stock price on Wall StreetRaise the target stock price again to 1500 dollars, which is the upper limitThat's it. The bank stated that NVIDIA's growth outlook justifies the high price.
Adam Gold, founder and chief investment officer (CIO) of the investment advisory company Catham Hill LLC, said, “It's like trying to catch up with a marathon runner who runs at full speed. Right now, NVIDIA has a big lead, and we are ready to expand it this year and next.”
Wall Street, at least for nowNVIDIA's lead is unwavering. When it comes to chips that enhance AI workloads, rival companies are unable to catch up with NVIDIA.
In NVIDIA's most recent financial results report, it has been shown that customers are buying up existing H100 chips even though Blackwell (Blackwell), which is a more advanced chip, is scheduled for the second half of this year. According to the capital investment forecasts of major high-tech companies, spending on AI computing infrastructure is expected to increase even more than previously anticipated.
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How long will the bull market last?
What is the average value of NVIDIA's net profit forecast for this fiscal year according to analystsIt jumped from $30 billion in the previous year to $65 billionThat's right. Over the past month alone, these forecasts have risen 10%. Moreover, not only are NVIDIA's profits growing, but profit margins are also increasing. Analysts expect NVIDIA's gross profit margin to rise from 59% two years ago to 76% this fiscal year.
NVIDIA's stock price is at a relatively high level, and although it is 39 times the expected profit for the next 12 months, it is well below 60 times before the 2023/5 financial results report. The change in this indicator isAnalysts' expected profit rises at a pace that exceeds stock pricesIt shows what it's doing.
Jonestrading's chief market strategist Michael O'Rourke said that NVIDIA is attractive compared to other big tech companies like Microsoft, where the price-earnings ratio (PER) is 32 times higher.
Of the 72 analysts who track NVIDIA's stock price,65 people rated it as “buy,” and there are no analysts who evaluate it as “sell”. Even analysts who are not bullish on NVIDIA describe it as “a great company with exceptional products,” although they still think that NVIDIA's stock price is currently in a bubble.
In NVIDIA's most recent financial results report, it has been shown that customers are buying up existing H100 chips even though Blackwell (Blackwell), which is a more advanced chip, is scheduled for the second half of this year. According to the capital investment forecasts of major high-tech companies, spending on AI computing infrastructure is expected to increase even more than previously anticipated.
What is the average value of NVIDIA's net profit forecast for this fiscal year according to analystsIt jumped from $30 billion in the previous year to $65 billionThat's right. Over the past month alone, these forecasts have risen 10%. Moreover, not only are NVIDIA's profits growing, but profit margins are also increasing. Analysts expect NVIDIA's gross profit margin to rise from 59% two years ago to 76% this fiscal year.
NVIDIA's stock price is at a relatively high level, and although it is 39 times the expected profit for the next 12 months, it is well below 60 times before the 2023/5 financial results report. The change in this indicator isAnalysts' expected profit rises at a pace that exceeds stock pricesIt shows what it's doing.
Jonestrading's chief market strategist Michael O'Rourke said that NVIDIA is attractive compared to other big tech companies like Microsoft, where the price-earnings ratio (PER) is 32 times higher.
Of the 72 analysts who track NVIDIA's stock price,65 people rated it as “buy,” and there are no analysts who evaluate it as “sell”. Even analysts who are not bullish on NVIDIA describe it as “a great company with exceptional products,” although they still think that NVIDIA's stock price is currently in a bubble.
Rob Arnott, founder of the asset management company Research Affiliates, said, “The bubble will continue until it disappears. In the middle of a bubble, it's best to just let yourself go with the flow until the bubble bursts. But that's difficult. That's because it's almost impossible to know when the bubble will burst,” he pointed out.
Source: moomoo, Bloomberg
ー MooMoo News Evelyn
This article uses automatic translation for some of its parts
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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