Reported 10 months ago
Nvidia's stock has surged by 215% over the past year, mainly due to its role in the AI revolution. After a 10-for-1 stock split, Rosenblatt Securities analyst Hans Mosesmann has reiterated a buy rating and set a price target of $200, suggesting a 53% upside potential. Emphasizing the importance of Nvidia's software side, Mosesmann foresees a growing demand for software over the next decade. With the AI software market projected to reach $13 trillion by 2030 and the upcoming Blackwell processors, Nvidia's stock, currently trading at 51 times forward earnings, is considered a promising investment for its long-term potential.
Source: YAHOO