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Nvidia's stock has seen significant gains, with a year-to-date increase of 161% and a forward P/E ratio of 48.5x. The company's recent introduction of the AI supercomputer DGX GH200 has sparked a market frenzy, leading to further stock price increases. Nvidia's stock is up 800% since 2023 and nearly 200% so far this year. Analysts, including those from Citi and Jefferies, have mixed views on the sustainability of the AI boom, but some, like EMJ Capital's Eric Jackson, believe Nvidia's value could double again by the end of the year. Nvidia's market capitalization briefly surpassed Microsoft last week, reaching $3.34 trillion, making it the world's most valuable company at that moment. Top tech investor James Anderson predicts Nvidia could reach a $50 trillion market cap in a decade, driven by a projected 60% revenue growth over the next ten years.
FT: "Nvidia $NVDA could reach $50tn market cap in a decade, says top tech investor" "Top tech investor" is James Anderson, formerly of Ballie Gifford / $SMIT, now working with the Agnellis NVDA is the largest position in his $650m fund He sees 10 years of 60% revenue growth https://t.co/7auLcpphHc https://t.co/Hit8KcE8Jj
#AI continues to be the most profitable sector right now! NVIDIA has invested over $100M in Artificial intelligence Here are 5 AI alts from Nvidia's portfolio set to explode soon 🧵👇 https://t.co/hZ4r8ulKra
Best performing NASDAQ 100 $QQQ stocks so far in 2024 Nvidia $NVDA +161%🟢 ARM Holdings $ARM +141.1%🟢 Constellation Energy $CEG +85.8%🟢 Micron $MU +56.5%🟢 Broadcom $AVGO +52.4%🟢 Applied Materials $AMAT +50.2%🟢 KLA Corp $KLAC +47.6%🟢 CrowdStrike $CRWD +45.4%🟢 $ASML 43.4%🟢…