Is Now The Right Time To Invest In Nvidia? Fund Managers Are Split: 'One Of The Hardest Things I've Done'
Portfolio Pulse from Benzinga Neuro
NVIDIA Corp (NASDAQ:NVDA) has seen a significant surge in its stock price, with a 240% increase in 2023 and an additional 80% in 2024, sparking a debate among fund managers on its future investment potential. Trent Masters from Alphinity Investment Management views the stock as a good buy due to its strong market share and sustainable earnings, while Adam Coons from Winthop Investment Management advises caution due to inflated valuations. Nvidia's market value has reached $2.27 trillion, largely due to its pivotal role in AI technology, attracting major partnerships and investments. Goldman Sachs has raised its 12-month price target for Nvidia to $1,100, maintaining a 'Buy' rating.
May 13, 2024 | 5:00 am
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POSITIVE IMPACT
NVIDIA's stock has experienced a massive surge, leading to divided opinions among fund managers. The company's strong position in AI technology and significant market value increase are key factors. Goldman Sachs' upgraded price target reflects optimism about NVIDIA's future.
The significant increase in NVIDIA's stock price and the optimistic outlook from major financial institutions like Goldman Sachs suggest a positive short-term impact. The company's dominance in the AI sector and the recent upgrades in price targets by analysts support a potential continued upward trajectory in the stock's price. However, the caution advised by some fund managers indicates that volatility and corrections could occur, but the overall trend remains bullish.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100