Why Nvidia's market cap could hit $6 trillion this year

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 78 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 63%

Nvidia News

Eric Jackson,Market Capitalization

The tech sector continues to outperform the market as the AI race shows no signs of stopping. Nvidia (NVDA), in particular, has enormously benefitted from...

), in particular, has enormously benefitted from the increased demand for AI, with the chipmaking giant crossing a $3 trillion market capitalization and gaining more than 200% in just the last year. After a record year and mounting sky-high expectations, does Nvidia have more room to grow?that this is just the beginning of Nvidia's story. Jackson lays out his case for why Nvidia could double its market cap to $6 trillion this year and become the largest US company by a wide margin.

Uh And so the reason, the reason is that um in the last five years, if you go back and look at what, you know how the forward price earnings multiple has, has varied for NVIDIA over that five year period, uh you know, it, it and this is true for most stocks like you, you go through these like ups and downs constantly where there's this like euphoric reaction to maybe they have this like incredible earnings report and suddenly like this, the company becomes very expensive on a go forward...

I I've, I mean, adding $3 trillion in market cap inside of year, it's, it's a whole other company like three other three or four other companies.I mean, where orders just really, almost like we saw last year they came out and they blew everything away, re reset guidance up and just change.Well, step away from the, the market, the dollars of market cap that, that are being added and just think of it from percentage terms like last year, NVIDIA basically tripled.

Uh so, you know, I, I, I'm not sure, but I think definitely, you know, we'll, we'll see evidence in the August report of initial appetite for the Blackwell ships and we know that those things are priced higher than the H one hundreds H two hundreds. And the margins on Blackwell are even like better than what, you know what they've been delivering for the last year, which has already like blown our socks off.

Kevin O'Leary says court ruling will have 'major impact' on energy sector — how to get in on the action

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Nvidia could be headed for a seismic moment: Another $3 trillion in market capOne veteran tech investor makes his case for a super surge in Nvidia's market cap into year end.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »