Artificial intelligence (AI) has had a significant impact on the technology sector, with NVIDIA leading the charge. The company’s chips power the AI revolution, driving its stock up 215% in the past year. After completing a 10 for 1 stock split, Wall Street is reassessing Nvidia’s potential. Rosenblatt Securities analyst Hans Mosesmann raised the stock’s price target to $200, a 53% upside from the current price. He highlighted the importance of Nvidia’s software offerings, which complement its hardware and drive performance. With a total addressable market for AI software estimated at $13 trillion by 2030, Nvidia is well-positioned for future growth. The company will also launch its Blackwell processors later this year, solidifying its leadership in the AI chip space. Despite trading at a premium valuation, Nvidia’s stock has delivered exceptional returns over the past decade, making it a compelling investment opportunity. The Motley Fool’s Stock Advisor service has identified Nvidia as a top pick for investors, with the potential for significant returns. While there are risks involved, the long-term prospects for Nvidia remain strong, with the company poised to reach new heights in the years ahead.
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https://finance.yahoo.com/news/nvidia-stock-going-200-wake-120300225.html
