Analyst predicts Nvidia could reach $50 trillion market cap by 2034, driven by AI chip demand

From Nasdaq: 2024-12-21 18:02:00

James Anderson, former Baillie Gifford investor, now at Lingotto Investment Management, predicts Nvidia could be worth $50 trillion in 10 years, driven by AI chip demand. Despite phenomenal growth, Nvidia’s dominance in gaming and data center markets sets it apart. While a $50 trillion market cap seems unlikely, it’s not impossible. Nvidia’s long-term growth potential in AI and industry transformation is key. Despite a P/E ratio of 51, the stock historically trades at 59 times earnings. At 29 times next year’s expected earnings, Nvidia is considered a good buy due to innovation and industry leadership. Investors should consider this opportunity.

Expert analysts are issuing “Double Down” stock recommendations for companies with significant growth potential. Past recommendations like Apple and Netflix have yielded high returns. Right now, alerts are being given for three promising companies. Don’t miss this chance to invest before it’s too late. Stock Advisor returns support this strategy.

John Mackey, former Whole Foods CEO and Amazon board member, is affiliated with The Motley Fool. The author holds positions in Amazon, Nvidia, and Tesla. The Motley Fool also has positions in and recommends Amazon, Nvidia, and Tesla. A disclosure policy is in place to ensure transparency. The author’s views may not align with Nasdaq, Inc.



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