) to snatch the crown of most valuable company on Tuesday as the chipmaker continued to ride AI-wave to new heights.) rose more than 3%, pushing its market cap to $3.34 trillion, surpassing Microsoft's $3.31T and Apple's $3.29T, making the chipmaker the most valuable company by market cap.
The price target hike reflect a bullish outlook for Nvidia earnings, which Rosenblatt estimates, will top $5 a share in calendar 2026, Rosenblatt forecasts, pointing to further market share gains for chipmaker from existing and upcoming AI chips. Nvidia's software aspect, Rosenbaltt estimates, will"significantly increase in the next decade in terms of overall sales mix, with an upward bias to valuation due to sustainability."Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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Fonte: Investingcom - 🏆 450. / 53 Leggi di più »