Nvidia’s Meteoric Rise: Analyst Projects $5 Trillion Valuation

Last updated: June 19, 2024

jensen_huang_nvidia_ceo is speakingNvidia’s stock has skyrocketed over 200% in the past year, and a bullish analyst now predicts the chipmaker could hit a market value of nearly $5 trillion within a year.

Rosenblatt Securities’ Hans Mosesmann recently bumped his price target for Nvidia to $200 from $140, setting a new Wall Street high.

This follows the company’s 10-for-1 stock split on June 10. On Tuesday, Nvidia shares climbed as much as 2.7%, reaching new intraday highs.

Based in Santa Clara, California, Nvidia has dominated the tech scene with its cutting-edge products, which are pivotal for data centers handling complex AI tasks.

Mosesmann, who has rated Nvidia as a buy since 2017, is enthusiastic about the company’s hardware business. However, he emphasizes, “the real narrative lies in the software that complements all the hardware goodness.”

He believes this software component will significantly boost sales and valuation over the next decade.

Nvidia remains a favorite among analysts, with 64 buy ratings, seven holds, and just one sell rating, according to Bloomberg data.

By Monday’s close, Nvidia’s shares had surged 165% in 2024, adding over $2 trillion to its market cap.

The chipmaker now stands on the brink of surpassing tech giants Microsoft and Apple as the world’s most valuable company.

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Jon Morgan, MBA, LLM, has over ten years of experience growing startups and currently serves as CEO and Editor-in-Chief of Venture Smarter. Educated at UC Davis and Harvard, he offers deeply informed guidance. Beyond work, he enjoys spending time with family, his poodle Sophie, and learning Spanish.
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LJ Viveros has 40 years of experience in founding and scaling businesses, including a significant sale to Logitech. He has led Market Solutions LLC since 1999, focusing on strategic transitions for global brands. A graduate of Saint Mary’s College in Communications, LJ is also a distinguished Matsushita Executive alumnus.
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