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.
沃頓商學院金融學教授傑里米·詹姆斯·西格爾表示，隨着英偉達繼續將美國股市推向新的高度，英偉達（納斯達克股票代碼：NVDA）的股價可能會翻一番甚至三倍，這反映了思科（納斯達克股票代碼：CSCO）在互聯網泡沫期間的走勢。
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.
發生了什麼：英偉達的股票一直是人工智能繁榮推動的最新股市上漲的重要力量。據Investing.com報道，該公司的高端芯片對ChatGPT等人工智能服務至關重要，其需求前所未有，導致了爆炸式的銷售增長。
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.
該公司的圖形處理單元（GPU）在市場上佔據主導地位，估計佔有80％的份額。Nvidia 的 GPU 在人工智能特定任務中具有卓越的效率，其性能優於英特爾（納斯達克股票代碼：INTC）等公司生產的更多功能的中央處理單元（CPU）。英偉達的股票在過去一年中飆升了270％以上，僅在今年，它就上漲了82％，表現大大超過了市場。
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.
英偉達的崛起與90年代末至21世紀初的互聯網泡沫相似，這段時期互聯網公司的過度投機導致股價飛漲。在此期間，按市值計算，思科成爲世界上最有價值的公司之一，這表明了該時期對科技和互聯網相關股票的投資熱情。
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.
儘管最近盤中下跌了10％，但西格爾認爲英偉達的勢頭沒有分階段，並預測會進一步走高。他的評論表明，如果英偉達遵循思科的估值路徑，其股票可能高達2700美元，市值達到6.8萬億美元。
"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.
“如果英偉達遵循思科的估值路徑達到頂峯，它的上行空間可能會增加2-3倍。需要明確的是——這不是我對會發生什麼的預測——只是要注意巨型泡沫中可能發生的事情，” 他寫道。
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.
爲何重要：受對支持人工智能的顯卡需求激增的推動，英偉達的股票表現出色，今年迄今已上漲80％。今天早些時候，儘管估值飆升，但美國銀行（BofA）重申了對Nvidia的樂觀前景，將該股的目標股價定爲1,100美元。在週三發佈的一份報告中，該銀行維持了對英偉達的 “買入” 評級，強調即使估值爲2.2萬億美元，該股的定價仍然合理。
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的快速崛起也引發了人們對其競爭對手潛力的質疑。在圍繞人工智能的興奮的推動下，先進微設備公司（納斯達克股票代碼：AMD）一直密切關注英偉達的快速崛起。
Image Via Shutterstock
圖片來自 Shutterstock
