From Nasdaq: 2024-06-07 11:11:00

Nvidia’s market cap of $2.8 trillion is close to that of Apple and Microsoft. Analysts have a price target of $1,128 for Nvidia’s stock. Despite a high P/E ratio, Nvidia’s strong growth suggests its stock isn’t overpriced. Investors see potential for the stock to reach $3.1 trillion. As demand and excitement for AI grow, Nvidia’s stock may continue to rise.

With Nvidia’s stock priced for perfection, it could be risky to invest now. The Motley Fool’s Stock Advisor team doesn’t include Nvidia among its top 10 stock picks. Consider long-term investing due to potential economic impacts. Past performance isn’t indicative of future results. Stock Advisor has outperformed the S&P 500 since 2002. David Jagielski has no position in the stocks mentioned. The Motley Fool has positions in and recommends Apple, Microsoft, and Nvidia. It recommends certain options related to Microsoft.



Read more at Nasdaq: How High Could Nvidia’s Stock Go This Year?