Nvidia Gets Record Price Target

Business is booming at Nvidia (NASDAQ: NVDA).

Shares are up 204% YTD – crushing the 25% gains for the S&P 500.

The AI boom is here and it’s very real.

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Nvidia shares are trading around $146 this morning.

My target price for Nvidia is increasing to $175 – suggesting 20% upside for the stock.

This new price target is based on a 40x multiple of next year’s earnings.

Wall Street firms are also raising their targets on Nvidia…

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Nvidia is now the world’s #1 largest company – valued at $3.6 trillion.

Nvidia is growing incredibly fast. Just look at the expectations for next year…

These numbers are incredible for a company of ANY SIZE.

Yet they’re remarkable for a company that’s expected to do over $129 billion in sales this year.

WE HAVE NEVER SEEN A COMPANY GROW LIKE THIS BEFORE.

Nvidia’s shocking growth is happening as cloud computing giants – also known as “hyperscalers” – upgrade their datacenter.

Every data center needs to have old hardware ripped out. And it’s being upgraded with hew AI chips from Nvidia.

Plus, new data centers are being build around the world to meet demands from AI.

That’s why I’m placing my bets on the Oppenheimer AI Project.

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Ian

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