Nvidia Set For Another 100% Rally Before Year-End, Says Fund Manager: 'They've Got 80 Yards Of A Clear Turf…Nobody's Catching Up To Them'
Portfolio Pulse from Shanthi Rexaline
Nvidia Corp. (NASDAQ: NVDA) is predicted to experience a significant rally, potentially reaching $250 per share and a $6 trillion market cap by the end of the year, according to EMJ Capital founder Eric Jackson. The stock recently rebounded after a sell-off, closing at $126.09. Jackson attributes the expected rise to Nvidia's strong market position, high demand for its AI chips, and future product releases.
June 26, 2024 | 8:39 am
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Nvidia is expected to see a significant rally, potentially reaching $250 per share and a $6 trillion market cap by the end of the year. This is driven by strong demand for its AI chips and future product releases.
The fund manager's prediction is based on Nvidia's strong market position, high demand for its AI chips, and upcoming product releases. These factors are likely to drive investor optimism and push the stock price higher.
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