Reported about 1 year ago
EMJ Capital's hedge fund manager, Eric Jackson, predicts Nvidia's market cap will reach $6 trillion by the end of 2024, with the expectation that Nvidia's stock price will rise to $250 and continue to soar due to the company's innovation and growth prospects. While some analysts are optimistic about Nvidia, others, like Aswath Damodaran, have different views on the company's valuation. Jackson's bold prediction is based on strong sales of Nvidia's new Blackwell architecture GPUs and potential investor excitement over the Rubin chips, ultimately leading to a significant increase in market cap. However, while Jackson's reasoning makes sense, achieving a $6 trillion valuation for Nvidia by the end of 2024 may not be probable.
Source: YAHOO