Reported about 1 year ago
Truist Securities analysts mentioned that Nvidia became the top company by market valuation and can further improve, despite its recent share price fluctuations. Analyzing historical data of companies that held the largest market capitalization, including Microsoft, Cisco, ExxonMobil, Apple, and Amazon, Truist noted that these companies generally outperformed the S&P 500 in the long term. Consequently, the investment bank raised its price target for Nvidia shares from $128 to $140, maintaining Nvidia as a top choice for investing in the AI sector.
Source: YAHOO