Nvidia’s market valuation has soared to become the top-ranked company, surpassing Microsoft. Despite recent declines in share prices, analysts believe that Nvidia has the potential to maintain its top position. Truist Securities conducted a comprehensive analysis, showing that historically, companies that have reached the number one market capitalization spot have underperformed in the short term but outperformed the S&P 500 in the long term.
The investment bank remains bullish on Nvidia, citing strong demand for its GPU systems and positive feedback on both Blackwell and Hopper systems. As a result, the price target for Nvidia shares has been increased from $128 to $140.
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