From Nasdaq: 2024-08-02 07:10:00

Nvidia’s market cap has grown by 127% in 2024, currently at $2.8 trillion. Analyst sets price target at $200 per share, aiming for $5 trillion market cap.

AI technology is transforming Nvidia’s business, which has evolved from focusing on gaming to various AI-driven applications like machine learning and autonomous driving.

Nvidia faces competition in the semiconductor chip market, but its CUDA software business may help sustain growth even if chip sales slow down. Strategic investments in AI-related startups like Databricks and Figure AI show promise for future expansion.

Despite uncertainties about reaching a $5 trillion valuation, Nvidia’s strong position in the AI landscape makes it an attractive long-term investment. Analysts believe Nvidia has potential for growth beyond current market expectations.



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