Nvidia's stock split may lead to $200 price target with strong growth potential.

From Nasdaq: 2024-06-19 08:03:00

Nvidia’s AI chips have driven a 215% stock surge, culminating in a 10-for-1 split. Analysts predict a $200 price target, reflecting a 53% upside and nearing a $5 trillion market cap. With software demand increasing, Nvidia’s value lies in both hardware and software, positioning it well for future growth.

Despite premium valuation, Nvidia stock remains a buy with significant potential. The company’s software complementing hardware is a key growth factor. Investing in Nvidia could yield substantial returns, as demonstrated by the Motley Fool’s past stock picks. Stock Advisor provides a blueprint for success with regular updates and stock picks.

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Read more at Nasdaq: Is Nvidia Stock Going to $200 in the Wake of Its 10-for-1 Stock Split? 1 Wall Street Analyst Thinks So