Nvidia’s stock is expected to continue rising to $250 per share by year-end, doubled from current levels, according to hedge fund manager Eric Jackson. He believes Nvidia’s market capitalization could reach $6 trillion due to strong chip sales and investor enthusiasm. Jackson argues that Nvidia remains undervalued based on its forward price-to-earnings ratio, highlighting its potential to exceed previous multiples and reach new heights. Despite recent impressive gains, Jackson believes investor euphoria has yet to fully materialize for Nvidia compared to previous peaks. He emphasizes Nvidia’s competitive advantage and dismisses comparisons to past market bubbles, citing the company’s current relative cheapness. Wall Street analysts also share a positive outlook on Nvidia, with price targets ranging from $150 to $200, despite recent market volatility that saw a sharp decline in Nvidia’s stock value. Overall, the consensus remains bullish on Nvidia’s future growth potential, driven by strong performance and market dominance in the semiconductor industry.
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https://markets.businessinsider.com/news/stocks/nvidia-price-prediction-nvda-250-price-target-6-trillion-valuation-2024-6
