daz888888888
01-03
$NVIDIA(NVDA)$  

According to Phil Panaro, a former senior advisor at Boston Consulting Group, Nvidia's (NVDA) stock price could reach $800 by 2030. Panaro believes that Nvidia's stock could increase by 545% by the end of the decade.

Panaro's prediction is based on Nvidia's strong growth, including:

Quarterly revenue: Nvidia reached $35 billion in quarterly revenue, which is more than $8 billion over its full 2023 earnings.

AI revolution: Nvidia is expected to benefit from the artificial intelligence revolution.

Web3 transition: Nvidia is expected to benefit from the transition from Web2 to Web3, which is the idea that the internet's next era will be based on blockchain technology.

However, some say that Nvidia's stock price could be affected by a number of factors, including:

AI bubble: If the AI bubble bursts, Nvidia's stock could be hit hard.

Competition: Rivals like Advanced Micro Devices are ramping production of AI-GPUs and introducing new chips.

Internal development: Nvidia's four-largest customers are developing AI-GPUs for their data centers, which could mean Nvidia loses out on valuable data center real estate.


Have You Made Your First Trade?
People always hope for a good start, as it brings more confidence to face what comes next. In the stock market, there’s a saying that a strong January performance often signals a higher chance of market gains for the entire year. Conversely, if January ends in the red, there’s a higher likelihood of a down year overall. ---------------------- On the first trading day of the new year, do you think the market will close up or down? Will the market achieve the hoped-for positive start?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment