Nvidia Corp. has seen its shares increase by over 200% in the past year, with analyst Hans Mosesmann predicting that the semiconductor giant’s market value could reach nearly $5 trillion in the near future. After a recent 10-for-1 stock split, Mosesmann raised his price target for Nvidia to $200, the highest on Wall Street. The company’s products are highly sought after for powering data centers that facilitate complex AI tasks.
Mosesmann, who has been bullish on the stock since 2017, highlighted the importance of Nvidia’s software offerings in complementing its hardware. He believes that the software aspect will play a significant role in the company’s sales mix over the next decade, potentially leading to a higher valuation.
Currently, Nvidia is a favorite among sell-side analysts, with 64 buys, seven holds, and one sell rating. The stock has seen a remarkable 165% increase in 2024, adding more than $2 trillion to its market capitalization. As a result, Nvidia is closing in on Microsoft Corp. and Apple Inc. as one of the world’s most valuable companies.
Overall, the future looks bright for Nvidia as it continues to revolutionize the semiconductor industry with its innovative products and strong performance in the market.
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https://finance.yahoo.com/news/nvidia-extends-rally-bull-sees-154508226.html
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