BusinessPostCorner.com
No Result
View All Result
Monday, July 7, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Nvidia stock outlook: Analyst sees $10 trillion market cap

June 1, 2024
in Business
Reading Time: 2 mins read
A A
0
Nvidia stock outlook: Analyst sees  trillion market cap
ShareShareShareShareShare

In just the past year, AI chip leader Nvidia has soared more than 200% into the upper echelon of the world’s most valuable companies and is already closing in on Microsoft and Apple.

But Beth Kindig, lead tech analyst at the I/O Fund, sees more astronomical gains in the coming years, predicting Nvidia’s market cap will surge another 270% to $10 trillion. As of Friday’s close, the company was worth about $2.7 trillion.

In an interview Tuesday on CNBC, she pointed out Nvidia is fueling the AI infrastructure as its chips are in high demand for data centers that train large language models and later this year will release its Blackwell chips, which are expected to outperform the earlier Hopper chips.

In addition to hardware, Nvidia’s software also gives it an advantage, while the automotive sector will deliver a further boost to the company, Kindig noted.

“So we have a lot coming,” she said. “This is very, very early for Nvidia, and there’s a few layers.”

While rivals like AMD and Intel have made their own bullish forecasts on the AI market, Kindig said Nvidia will grab the “lion’s share,” adding that other tech giants developing chips in-house typically do it to optimize their own applications and won’t commercialize the chips the way Nvidia does.

On the software side, she pointed to Nvidia’s CUDA platform, comparing it to Apple’s iOS operating system, which helped make the iPhone dominant.

“The same thing is happening with Nvidia, which is that the CUDA platform is what software engineers, AI engineers are learning in order to program GPUs,” Kindig said. “So that helps lock them in. So that combination, right now, I’m calling an impenetrable moat.”

She has doubled down on a previous forecast for a $10 trillion valuation that she issued earlier this year, when she told RealVision that Nvidia would reach that milestone by 2030.

Since then, Nvidia has reported fiscal first-quarter earnings that topped Wall Street estimates and showed the race toward AI remained robust.

“The industry is going through a major change,” CEO Jensen Huang said on an earnings call last month. “The next industrial revolution has begun. Companies and countries are partnering with Nvidia to shift the trillion-dollar installed base of data centers to accelerate computing and build a new type of data center, AI factories, to produce a new commodity, artificial intelligence.”

Subscribe to the Eye on AI newsletter to stay abreast of how AI is shaping the future of business. Sign up for free.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Top CEOs ‘don’t want to risk public blowback’ for supporting Trump, analyst says

Next Post

Ministers threaten to bring down Israeli government over ‘reckless’ Gaza ceasefire plan

Next Post
Ministers threaten to bring down Israeli government over ‘reckless’ Gaza ceasefire plan

Ministers threaten to bring down Israeli government over ‘reckless’ Gaza ceasefire plan

London IPO fundraising falls to 30-year low

London IPO fundraising falls to 30-year low

July 4, 2025
Trump plans to start notifying countries of U.S. tariffs up to 70%

Trump plans to start notifying countries of U.S. tariffs up to 70%

July 4, 2025
Private healthcare groups criticise ‘minimum’ waiting times for NHS operations

Private healthcare groups criticise ‘minimum’ waiting times for NHS operations

July 2, 2025
UK borrowing costs fall as investors’ nerves ease

UK borrowing costs fall as investors’ nerves ease

July 3, 2025
‘I’m being paid to fix issues caused by AI’

‘I’m being paid to fix issues caused by AI’

July 3, 2025
In the blogs: Get yourself ready

In the blogs: Get yourself ready

July 3, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Trump donor scammed out of k in crypto after someone pretending to be Steve Witkoff allegedly sent an eerily convincing email

Trump donor scammed out of $40k in crypto after someone pretending to be Steve Witkoff allegedly sent an eerily convincing email

July 7, 2025
Tesla shares sink after Elon Musk says he will launch new US political party

Tesla shares sink after Elon Musk says he will launch new US political party

July 7, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!