Nvidia Shares Could Double Or Triple, Says Wharton Professor Drawing Parallels To Cisco's Dot-Com Boom: 'There Could Be 2-3X More Upside'
Nvidia Shares Could Double Or Triple, Says Wharton Professor Drawing Parallels To Cisco's Dot-Com Boom: 'There Could Be 2-3X More Upside'
Nvidia's rise has drawn parallels to the dot com bubble of the late '90s to early 2000s, a period of excessive speculation in internet companies leading to rocketing stock prices. During this time, Cisco became one of the most valuable companies in the world by market capitalization, showcasing the period's investment fervor in tech and internet-related stocks.Wharton School finance professor, Jeremy James Siegel, has suggested that Nvidia (NASDAQ:NVDA) shares could double or even triple, mirroring the trajectory of Cisco (NASDAQ:CSCO) during the dot-com bubble, as Nvidia continues to drive the U.S. equity market to new heights.
沃顿商学院金融学教授杰里米·詹姆斯·西格尔表示，随着英伟达继续将美国股市推向新的高度，英伟达（纳斯达克股票代码：NVDA）的股价可能会翻一番甚至三倍，这反映了思科（纳斯达克股票代码：CSCO）在互联网泡沫期间的走势。
What Happened: Nvidia's stock has been a significant force behind the latest stock market rally fueled by the AI boom. The company's high-end chips, essential for AI services like ChatGPT, have seen unprecedented demand, leading to explosive sales growth, reported Investing.com.
发生了什么：英伟达的股票一直是人工智能繁荣推动的最新股市上涨的重要力量。据Investing.com报道，该公司的高端芯片对ChatGPT等人工智能服务至关重要，其需求前所未有，导致了爆炸式的销售增长。
The company's graphics processing units (GPUs) dominate the market, holding an estimated 80% share. With superior efficiency in AI-specific tasks, Nvidia's GPUs outperform more versatile central processing units (CPUs) produced by firms like Intel (NASDAQ:INTC). Nvidia's stock skyrocketed over 270% over the past year, and this year alone, it's up 82%, broadly outperforming the market.
该公司的图形处理单元（GPU）在市场上占据主导地位，估计占有80％的份额。Nvidia 的 GPU 在人工智能特定任务中具有卓越的效率，其性能优于英特尔（纳斯达克股票代码：INTC）等公司生产的更多功能的中央处理单元（CPU）。英伟达的股票在过去一年中飙升了270％以上，仅在今年，它就上涨了82％，表现大大超过了市场。
Nvidia's rise has drawn parallels to the dot com bubble of the late '90s to early 2000s, a period of excessive speculation in internet companies leading to rocketing stock prices. During this time, Cisco became one of the most valuable companies in the world by market capitalization, showcasing the period's investment fervor in tech and internet-related stocks.
英伟达的崛起与90年代末至21世纪初的互联网泡沫相似，这段时期互联网公司的过度投机导致股价飞涨。在此期间，按市值计算，思科成为世界上最有价值的公司之一，这表明了该时期对科技和互联网相关股票的投资热情。
Despite a recent 10% intraday drop, Siegel believes Nvidia's momentum is unphased and predicts further highs. His commentary suggests that if Nvidia follows Cisco's valuation path, its stock could reach as much as $2700, resulting in a market cap of $6.8 trillion.
尽管最近盘中下跌了10％，但西格尔认为英伟达的势头没有分阶段，并预测会进一步走高。他的评论表明，如果英伟达遵循思科的估值路径，其股票可能高达2700美元，市值达到6.8万亿美元。
"There could be 2-3x more upside in Nvidia if it follows Cisco's valuation path to its peak. To be clear—this is not my prediction of what will happen—just to note as to what is possible in a mega bubble," he wrote.
“如果英伟达遵循思科的估值路径达到顶峰，它的上行空间可能会增加2-3倍。需要明确的是——这不是我对会发生什么的预测——只是要注意巨型泡沫中可能发生的事情，” 他写道。
Why It Matters: Nvidia's stock has been on a remarkable run, with an 80% year-to-date surge, driven by the soaring demand for its AI-enabling graphic cards. Earlier today, Bank of America (BofA) reaffirmed its optimistic outlook on Nvidia despite its surging valuation, establishing a price target of $1,100 for the stock. In a note released on Wednesday, the bank upheld its "Buy" rating for Nvidia, emphasizing that even with a $2.2 trillion valuation, the stock remains reasonably priced.
为何重要：受对支持人工智能的显卡需求激增的推动，英伟达的股票表现出色，今年迄今已上涨80％。今天早些时候，尽管估值飙升，但美国银行（BofA）重申了对Nvidia的乐观前景，将该股的目标股价定为1,100美元。在周三发布的一份报告中，该银行维持了对英伟达的 “买入” 评级，强调即使估值为2.2万亿美元，该股的定价仍然合理。
However, Nvidia's rapid rise has also raised questions about the potential of its competitors. Advanced Micro Devices Inc (NASDAQ:AMD) has closely followed Nvidia's rapid rise, driven by the excitement surrounding AI.
但是，Nvidia的快速崛起也引发了人们对其竞争对手潜力的质疑。在围绕人工智能的兴奋的推动下，先进微设备公司（纳斯达克股票代码：AMD）一直密切关注英伟达的快速崛起。
Image Via Shutterstock
图片来自 Shutterstock
