By the end of this year, Nvidia shares will reach 2 250 per unit, which is twice the current level. At the same time, Nvidia's projected market capitalization is 6 6 trillion. Writes Business Insider, reports UNN.
Nvidia will reach a valuation of 6 6 trillion by the end of 2024, as investors begin to realize how cheap the stock is, the hedge fund manager believes.
Details
The likely "crazy growth" of Nvidia shares by the end of the year explains hedge fund manager Eric Jackson of EMJ Capital. Main aspects:
Nvidia shares will reach 2 250 by the end of the year;
Growth potential of 101% from the current level.
The corresponding likely growth will estimate the company that develops AI chips at 6 6 trillion.
A key factor is that Nvidia shares are still cheap based on current valuations.
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Jackson noted that investors will start focusing on Nvidia's profit potential in 2025 and 2026. This, in turn, will push Nvidia to a position well above the average forward P/E ratio.
Addition
Shares of Nvidia have already soared 151% since the beginning of the year. For a while, Nvidia was the most valuable company in the world with a market valuation of around $3.3 trillion.
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