Hedge-fund Manager Says Nvidia Will Hit a $6 Trillion Valuation by Year-end
Posted: Jun 28, 2024
- Eric Jackson predicts Nvidia's stock will reach $250 per share by the end of the year, potentially reaching a $6 trillion valuation - Nvidia's stock has had an impressive rally, with shares up over 150% year-to-date - Jackson highlights Nvidia's P/E ratio trends and believes there is room for further growth - Nvidia introduces Blackwell chips and AI factories, aiming to drive AI breakthroughs - Jackson emphasizes Nvidia's competitive edge compared to rivals like Cisco - Despite a recent drop in stock price, Jackson remains confident in Nvidia's potential for future growth and investor enthusiasm can drive the stock price higher.
Stay ahead of the market with AI stock alerts & AI summaries of the latest earnings, stock ideas for free with Fluid Bot. Sign up now!