Posted 3/20/2024, 5:37:58 PM
Nvidia Stock Could See 18% Upside to $1,050 on Prolonged AI Growth Opportunity, Says Analyst
- Nvidia stock price is high at $850/share, but analyst sees 18% upside to $1,050 based on AI opportunities
- Analyst raves about Nvidia's partnerships, initiatives, and new Blackwell architecture
- Semiconductor industry cycles between upcycles (4.5 years on average) and downcycles
- If AI revolution lasts twice as long as typical upcycle, Nvidia could have 9-10 more years of growth
- Nvidia already profitable with 48.8% margins, so more years of growth could mean much higher stock price
