Reported 3 months ago
Nvidia's stock may rise significantly, with projections estimating a jump from around $120 now to about $800 by 2030, driven by the growth of AI and the release of its upcoming Blackwell processors. Analyst Phil Panaro foresees Nvidia achieving annual revenues of $600 billion in the same timeframe, supported by the increasing demand for accelerated computing. However, reaching this growth will require Nvidia to maintain its current price-to-sales ratio of 32, equating to a market cap growth from nearly $3 trillion to $19.2 trillion.
Source: YAHOO