Wall Street expert predicts Nvidia could reach $800 per share by 2030 with 450% upside.

From Nasdaq: 2024-12-08 03:45:00

Philip Panaro predicts that Nvidia (NASDAQ: NVDA) could reach $800 per share by 2030 due to its leadership in AI accelerators, implying a 450% upside from the current price of $145. Nvidia dominates the data center GPU market with 98% share and a superior software ecosystem, positioning it well for future growth in AI hardware sales.

Nvidia’s performance at MLPerfs and its CUDA programming model have solidified its position as a leader in AI accelerators. The company’s expansion into CPUs and networking gear further enhances its competitive advantage. With a strong market forecast for AI hardware, software, and services, Nvidia is well-positioned for continued success in the industry.

Despite Panaro’s ambitious price target, Nvidia remains an attractive investment. The stock is reasonably priced with a P/E ratio of 54 and a PEG ratio slightly above 1, indicating potential for growth. While reaching $800 by 2030 may be challenging, patient investors can still benefit from the company’s long-term prospects in the AI market.



Read more at Nasdaq: 1 Stock-Split AI Stock to Buy Before It Soars 450%, According to a Wall Street Expert