Navellier said in a note that he expects Nvidia to"blow through $4 trillion in market capitalization" and reach a staggering $5 trillion by 2025. This ambitious forecast hinges on the upcoming release of the successor to Nvidia's Blackwell chips.
A key factor in Nvidia's dominance, according to Navellier, is its substantial investment in next-generation generative AI chips. He claims that Nvidia's $2 billion expenditure renders competitor efforts"increasingly futile" due to Nvidia's superior technology.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »