Nvidia's stock surged 745% over 18 months due to AI market enthusiasm, but has since dropped 5%. Despite this decline, Wall Street analysts overwhelmingly recommend buying Nvidia, with 94% rating it a buy. The median price target suggests a potential 28% upside from its current price of $117.
Analysts predict Nvidia could reach a market value of $10 trillion by 2030, indicating a 250% upside. The company's dominance in AI hardware, software, and services, particularly through its GPUs and CUDA ecosystem, positions it as a key player in the AI economy. With expected earnings growth of 49% annually through 2026, Nvidia remains a compelling investment opportunity.
• Nvidia's stock has a median price target of $150 per share.
• Analysts predict Nvidia could be worth $10 trillion by 2030.
Nvidia's GPUs dominate the market, accounting for 98% of data center shipments.
It allows developers to use Nvidia GPUs for general purpose processing, making it essential for AI application development.
It is projected to grow at 29% annually, benefiting Nvidia significantly.
Its products are critical in powering AI applications and data centers.
Analysts from Goldman Sachs have praised Nvidia's competitive advantages in the AI sector.
The Motley Fool on MSN.com 11month
The Motley Fool on MSN.com 10month
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