Wall Street Sees Nvidia Hitting $5 Trillion by 2026: Could It Happen?
But Wall Street doesn't see Nvidia stopping here, with some analysts seeing Nvidia surpassing Apple, and hitting a $5 trillion valuation by 2026. Here are the reasons for Wall Street's optimism, and what could also disrupt the bullish thesis.
Why 1 Top Wall Street Analyst Thinks Investing in Nvidia Stock Now Is a "Generational Opportunity"
Unsurprisingly, Bank of America upped its price target for Nvidia. Its analysts now expect the GPU maker's share price to reach $190 within the next 12 months. That translates to a market cap of roughly $4.7 trillion. The biggest publicly traded company right now is Apple ( AAPL 0.63%), which has a market cap of around $3.6 trillion.
Nvidia is near record highs amid renewed optimism about investment in artificial intelligence from major technology companies ...
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