Analyst predicts Nvidia could reach $10 trillion market cap in 5 years with new GPU releases.
From Nasdaq: 2024-12-09 05:27:00
Nvidia’s market cap has skyrocketed from $11.5 billion to $3.5 trillion in just 10 years. Analysts predict it could reach $10 trillion in the next five years, driven by the release of Blackwell GPUs. CEO Jensen Huang is optimistic about the potential success of these new chips.
I/O Fund’s Beth Kindig, a technology research specialist, has been bullish on Nvidia’s growth. She believes the company’s market cap could hit $10 trillion by 2029. Despite some setbacks, Kindig remains confident in Nvidia’s future success with the upcoming release of Blackwell GPUs.
Nvidia’s growth trajectory hinges on the success of Blackwell GPUs and future chip releases. The company plans to maintain a yearly rhythm of product launches to keep up with the demand for more powerful chips driven by AI advancements and the shift to accelerated computing in data centers.
While Nvidia’s path to a $10 trillion market cap is promising, challenges like economic downturns and competition from alternative AI chips could hinder its progress. However, the company’s innovative technology and strategic product releases position it well for continued growth in the AI and computing industries.
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Read more at Nasdaq: 1 Analyst Thinks Nvidia Will Be a $10 Trillion Stock Within 5 Years. Here’s Exactly How It Could Happen.