Nvidia Stock Lands a New Street-High Price Target
Nvidia (NASDAQ:NVDA) has built its all-conquering march to the top of the market cap ranks on an unmatched position in the AI chip world. Having secured its dominance in this segment, another major wave of growth could now be on the horizon.
Confident Investing Starts Here:
In fact, Loop Capital analyst Ananda Baruah believes that momentum is already building, pointing to fieldwork that signals we are “entering the next ‘Golden Wave’ of Gen AI adoption,” with the Jensen Huang-led company set to reap the rewards once again.
“NVDA is at the front-end of another material leg of stronger than anticipated demand (much like we saw in 2023 into 2024),” the analyst went on to say.
In short, the analyst argues that…
