Nvidia Stock To Surge To $340 In Medium Term? Portfolio Manager Sees Strong Rally Interspersed By 35-80% Pullbacks
Portfolio Pulse from Shanthi Rexaline
Nvidia's stock is expected to surge to $340 in the medium term, driven by significant investments in AI data centers. However, the stock is volatile, with potential 35-80% pullbacks. Nvidia's near-monopoly in AI accelerators positions it well, but the AI bubble may burst in 3-5 years. Upcoming earnings are a key test.
August 22, 2024 | 9:20 am
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Nvidia's stock is projected to reach $340 due to large investments in AI data centers, but expect volatility with potential 35-80% pullbacks. The company's near-monopoly in AI accelerators supports this growth, though the AI bubble may burst in 3-5 years. Upcoming earnings are a critical test.
Nvidia is positioned to benefit from significant AI investments, potentially driving its stock to $340. However, the stock is volatile, with possible 35-80% pullbacks. The company's dominance in AI accelerators supports its growth, but the AI bubble may burst in 3-5 years. The upcoming earnings report is a key short-term factor.
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