$NVDA 10 Trillion Valuation:
Nvidia stock price prediction 2030: Analyst forecasts $10 trillion market cap
Ana Zirojevic Mar 22, 2024
As UBS raised its price target on Nvidia (NASDAQ: NVDA) stock to $1,100, and Beth Kindig, a lead technology analyst at the I/O Fund, shared her prognosis of Nvidia stocks hitting a minimum $10 trillion market capitalization by 2030, investors are curious what price NVDA could reach by that time.
Indeed, Kindig, believes Nvidia will achieve her target mostly due to its artificial intelligence (AI) software and winning the future AI boom and bust, alongside Alphabet (NASDAQ: GOOGL), Meta (NASDAQ: META), and Microsoft (NASDAQ: MSFT), according to a report published on March 21.
Furthermore, the CEO of I/O Fund, which helps individuals gain an edge in investing in tech growth stocks, explained that Nvidia’s valuation was at the moment hovering around October 2022 low – “eerily low,”, adding that NVDA is a “buy on dips,” as opposed to Microsoft’s “Mount Everest valuations.”