Nvidia Shares 'Are Going Higher' In AI Growth Frenzy If Next 5 Years Stay The Course, Says Gene Munster: $180B Revenue By 2028
Portfolio Pulse from Benzinga Neuro
Gene Munster of Deepwater Asset Management highlighted Nvidia's potential for significant growth, particularly in AI, projecting a revenue of $180B by 2028. This optimism is based on the global shift towards AI and a $1 Trillion infrastructure build, with Nvidia expected to capture a substantial market share. Nvidia's recent earnings report showed a 265% year-over-year revenue increase, with fiscal 2024 revenue growing 126% to $60.9 billion. Munster's analysis suggests Nvidia shares are likely to rise if the company maintains its growth trajectory.
February 22, 2024 | 1:11 am
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Nvidia's projected revenue growth to $180B by 2028, driven by AI advancements and a strong earnings report, indicates a positive outlook for the stock.
Gene Munster's analysis, based on Nvidia's recent earnings and the expected growth in the AI sector, suggests a strong growth trajectory for Nvidia. The company's significant year-over-year revenue increase and the global shift towards AI, where Nvidia is a key player, support a positive short-term impact on the stock. Munster's projection of $180B revenue by 2028, if realized, would represent a substantial increase from the current levels, making this news highly relevant and important for investors.
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